The price of liquefied natural gas (LPG), also known as cooking gas, has once again been reduced, according to a market survey by Legit.ng.

Nigerians have also taken to social media to share the new prices at which dealers are selling cooking gas, expressing a sigh of relief.

New data showed that 1kg of cooking gas prices which was previously sold at N1,500/kg in some retail outlets in Ogun and Lagos states now sells for N900.

New data showed that 1kg of cooking gas prices which was previously sold at N1,500/kg in some retail outlets in Ogun and Lagos states now sells for N900.

Punch in October reported that the average price for refilling a 12.5kg cooking gas cylinder was N17,000, a new price check showed it has now dropped N13,750.

During a market survey, some dealers who spoke to Legit.ng on Friday, March 14 confirmed the new prices.

Kunle Ajami, a manager of a cooking gas plant in Lagos said that the price adjustment started a month ago.

"There is a massive drop compared to what people were paying last year. We, cooking gas retailers, sell based on how we buy from marketers. If the price is high, we adjust."

Breakdown of old and new price lists in Lagos



Cooking gas prices are even cheaper in Kaduna

In a Facebook post by Inside Kaduna, it was also revealed that the price of 1kg has dropped to N950.

The post reads: 'Happy to share that the price of cooking gas has dropped from N1,400 to N950… Make e drop reach N300 abeg. Make everything continue to dey drop."

He also shared a snapshot of the latest cooking gas price in Kaduna sold by Eegoja Oil and Gas.

1kg - N950
2kg - N1,900
3kg - N2,900
4kg - N3,800
5kg - N4,800
6kg - N5,700
7kg - N6,700
8kg - N7,600
9kg - N8,600
10kg - N9,500
11kg - N10,600
12kg - N11,600
12.5kg - N12,000
15kg - N14,500
20kg - N19,500
25kg - N24,300
30kg - N29,500
40kg - N40,000
50kg - N48,000

FG moves to fix cooking gas prices

In a related development, the federal government has announced a move to adopt a new pricing formula for cooking gas in Nigeria.

The Minister of State For Petroleum Resources (Gas) Ekperikpe Ekpo, disclosed this in a recent two-day LPG Expo in Lagos.

According to Ekpo, the government is implementing targeted policy interventions to accelerate LPG adoption by removing hassles hindering investment in the industry.