Business News of Thursday, 8 January 2026
Source: www.punchng.com
There is cautious optimism among retailers of liquefied petroleum gas (cooking gas) as the product becomes more available, currently selling between N1,000 and N1,400 per kilogramme, depending on location and seller.
A market survey by our correspondent showed that cooking gas became more accessible towards the end of 2025, unlike the severe scarcity experienced in September and October last year.
Consumers in Lagos, Ogun, Oyo and other states said they purchased LPG at rates ranging from N1,050 to N1,400.
Our correspondent also learnt that some major marketers sold LPG at N900 directly to consumers.
To some, the current prices are an improvement on the steep rises seen after a rift between the Dangote refinery and the Petroleum and Natural Gas Senior Staff Association of Nigeria led to a shutdown of gas facilities in September and October.
Many consumers, however, remain hopeful that prices will fall below N1,000/kg in the new year, saying this is the only way to encourage clean cooking.
Speaking to our correspondent, the National Chairman of the Liquefied Petroleum Gas Retailers branch of the Nigeria Union of Petroleum and Natural Gas Workers, Ayobami Olarinoye, said the LPG market has been relatively stabilised, with some offtakers now receiving gas supply in Apapa, Lagos.
According to Olarinoye, retail prices currently range between N1,300 and N1,400 depending on neighbourhoods.
He noted that prices could be lower at filling stations and gas plants, adding that location and logistics also influence costs.
“The LPG market is relatively stabilised. Some off takers have gas now in Apapa.
“The retail price is between N1,300 and N1,400 per kg at retail outlets on the streets. It depends on the area and cost of logistics; it may be cheaper at fuel stations and gas plants. I am speaking for retailers,” he said.
Olarinoye added that retailers purchase from major marketers at between N960 and N1,050/kg, explaining that those selling below N1,000/kg are plant owners who do not sell to distributors.
“As retailers, we currently buy between N960 and N1,050 depending on the individual company.
“Those selling below N1,000/kg may be some of those plants that do not sell to distributors/retailers. They sell directly to end users,” he said.
The prices of cooking gas had risen from an average of N1,000 per kg to about N2,000/kg in some locations in October following the strike by the Petroleum and Natural Gas Senior Staff Association of Nigeria during the rift with the Dangote refinery.
The Dangote refinery has once promised to crash LPG prices by selling directly to consumers.

