•Marketers explain why
By Mariam Eko
The price of Liquefied Petroleum Gas (LPG), otherwise known as cooking gas, increased by 8.3 percent on a Month-on-Month, MoM, bases to N1,300 per kilogram (kg) as at September 16, 2026 from N1,200 it was sold in the corresponding period of August 2026.
Checks by Vanguard confirmed that the current price of LPG in Lagos, varies by gas plants. Accredited gas stations were selling one kilogram (kg) at N1,300 while other smaller gas plants sold at N1,350 and N1,400 depending on the location.
Dealers said the official prices in other parts of the country are higher.
Confirming the sharp increase, National President of the Nigerian Association of Liquefied Petroleum Gas Marketers, NALPGAM, Mr. Inyang Edu, told Vanguard that the current increase cannot be attributed to only one factor, adding that the international geopolitical crisis, particularly the conflict involving the United States and Iran, has created significant volatility in the global energy market.
Speaking on the effect on Nigerian households and businesses, Inyang stated “For Nigeria, the effect is transmitted through several channels: international energy prices, shipping and insurance costs, foreign-exchange exposure, domestic logistics and, most importantly for LPG, the availability and cost of supply into the domestic market.
“The immediate consequence is that the cost of LPG has increased along the entire supply chain—from the depot to the LPG plant and ultimately to the consumer.
‘‘When the replacement cost of LPG rises at the depot, the marketer cannot continue selling at the previous price without making a loss.
‘‘The cost of transportation, loading, financing, plant operations, personnel, maintenance and other logistics must also be recovered before the product reaches the consumer.
“This is particularly painful for households because cooking gas is no longer a luxury fuel. Millions of Nigerian families, restaurants, bakeries, food vendors, schools, hotels and other businesses now depend on LPG.
‘‘The impact therefore goes beyond the price of refilling a cylinder. A rise in LPG prices increases the operating cost of businesses that use gas for cooking or production. Those additional costs eventually feed into the prices of food and other goods and services.
“There is also a social dimension. When LPG becomes unaffordable, some households are forced to reduce consumption or revert to alternative fuels such as firewood and charcoal. That undermines Nigeria’s clean-cooking objectives and can have serious environmental and public-health consequences.
“We have seen the consequences of supply constraints before. In June 2026, the Nigeria Mid and Down Petroleum Regulatory Agency (NMDPRA) reported a year-to-date LPG supply deficit of about 91,966 metric tonnes, demonstrating that the domestic market has been experiencing structural supply challenges in addition to the international price pressures”.
He disclosed that the price at the depot differ from depot to depot and can change from day to day depending on availability, source of supply, location, logistics and commercial arrangements between suppliers and buyers.
He stated: “As at September 16, 2026 publicly available market information indicates that 20 metric tonnes, MT, transactions in the Lagos market are broadly around N20million–N22.7 million range, depending on the depot and supplier. For example, current market listings show approximately N22 million at Ardova, N22.7 million at Stockgap and about N20 million at Panocean. Another current market listing at some places in Lagos 20MT prices stood around N19.9 million–N20.3 million, illustrating the considerable variation between suppliers and transactions’’.
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