SEE Real Price Of Cooking Gas Per Kg; No More N1, 300
The cost of refilling cooking gas in Nigeria has been a major concern for households and businesses alike, as it directly impacts daily living expenses and the cost of doing business. Cooking gas, commonly referred to as Liquefied Petroleum Gas (LPG), is an essential energy source used in homes, restaurants, and small- scale industries. The price of LPG per kilogram (kg) in Nigeria fluctuates frequently, influenced by several factors such as international crude oil prices, domestic production levels, exchange rates, and government policies.
As of December 2024, the price of refilling cooking gas in Nigeria ranges between ₦1, 200 and ₦1, 400 per 12. 5kg cylinder, which translates to roughly ₦100 to ₦120 per kilogram. However, this price may vary depending on your location, with urban areas like Lagos and Abuja typically experiencing slightly higher prices compared to rural areas due to logistics and operational costs.
The volatility of LPG prices in Nigeria is closely tied to the country’ s reliance on imports. Despite being a major crude oil producer, Nigeria imports a significant portion of its LPG due to limited refining and storage infrastructure. This dependency on imports exposes the market to global price fluctuations and exchange rate volatility, which often results in price instability.
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Global Crude Oil Prices: LPG prices are indirectly linked to crude oil prices. When global crude oil prices rise, the cost of importing LPG increases, driving up domestic prices.
Government Policies and Subsidies: The absence of significant government subsidies for LPG has made it challenging to control prices. Efforts to boost local production, such as investments in gas infrastructure, are underway but require time to yield results.
The rising cost of cooking gas has led many Nigerians to seek alternative energy sources such as kerosene, firewood, and charcoal, despite their environmental and health implications. However, these alternatives are not sustainable in the long term. Addressing the affordability of LPG requires comprehensive government intervention, including subsidies, better storage facilities, and incentives for local production.
The price of refilling cooking gas per kilogram in Nigeria continues to rise, burdening households and small businesses. To make LPG more accessible and affordable, the government and private sector must collaborate to invest in local production, improve distribution channels, and stabilize prices. Until then, Nigerians will likely continue to feel the pinch of fluctuating gas prices in their daily lives.
