Nigeria's Cooking Gas Prices Remain High Despite Supply Boost

Despite an increase in the supply of liquefied petroleum gas (LPG) in Nigeria, cooking gas prices remain high. Following an emergency stakeholder meeting convened by Minister of State for Petroleum Resources, Ekperikpe Ekpo, on June 22, prices across the country are reported between N1,100 and N1,650 per kilogram.

This is a decrease from previous highs of N2,500 per kilogram, but still above pre-crisis levels. Edu Inyang, speaking on behalf of the Nigerian Association of Liquefied Petroleum Gas Market, indicated that while the government's intervention has stabilized the market, prices have not returned to normal.

The supply of LPG has improved from an average of 4,262 metric tons daily in May to 5,000 metric tons in June, yet logistical costs and foreign exchange rates continue to keep retail prices elevated. The situation has forced many households to switch to cheaper cooking fuels like firewood and charcoal.