Cooking Gas Prices Drop as Supply Improves in Nigeria

Cooking gas prices in Nigeria have started to ease as supply improves, with retail prices reported to range from N1,100 to N1,650 per kilogram across various cities. Major cities like Lagos, Ibadan, and Abuja are experiencing prices between N1,100 and N1,500 per kilogram, while northern cities like Kano and Maiduguri report higher prices due to additional logistics costs.

Edu Inyang, president of the Nigerian Association of Liquefied Petroleum Gas Marketers, indicated that the recent decline in prices follows an increase in product availability and lower depot prices, attributed to heightened competition among market players and reduced panic buying. Despite the improvements, retail prices remain inconsistent due to varying transport costs and local distribution expenses.

Ayobami Olarinoy, chairman of the Liquefied Petroleum Gas Retail Branch of the Nigeria Union of Petroleum and Natural Gas Workers, noted that while supply is gradually returning to normal, some areas still face higher prices due to logistics challenges.