Nigeria's Cooking Gas Prices Surpass Saudi Arabia and Russia

As of March 16, 2026, Nigeria's price for liquefied petroleum gas (LPG) stands at 0.674 per kilogram, placing it among the countries with higher cooking gas prices globally, surpassing Saudi Arabia's 0.290 and Russia's 0.388 per kilogram. This situation raises fresh concerns about energy affordability for Nigerian households, despite Nigeria's status as a major oil and gas producer.

The minimum wage in Nigeria is approximately 49, contrasting sharply with Saudi Arabia's minimum wage of 1,065 and Russia's 321. The rising cost of LPG reflects a broader trend in Nigeria's energy market, where prices for petroleum products continue to increase, directly affecting household energy costs.

The recent price adjustment by Dangote Refinery, raising LPG prices to 800 per kilogram effective March 17, 2026, is linked to rising global crude oil prices and increased feedstock refining costs. Stakeholders warn that without intervention, the rising costs may further limit access to clean energy for households.