RismadarVoice Reporters, July 21, 2026
Nigeria recorded a significant increase in the supply of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, in June 2026, with average daily supply rising by 24.4 per cent to 5.1 metric tonnes, according to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
Data contained in the regulator’s June 2026 Fact Sheet showed that daily LPG supply increased from 4.1 metric tonnes in May to 5.1 metric tonnes in June, reflecting improved product availability across the country.
Despite the increase in supply, the report indicated that daily consumption declined by about 10 per cent, falling to 4.1 metric tonnes in June from 4.5 metric tonnes recorded in May.
The improved supply has also contributed to a sharp decline in prices.
According to the report, the ex-depot price of cooking gas dropped by 28.4 per cent month-on-month, falling to N20.4 million per 20 metric tonnes in July from N26.2 million in June.
Market checks at accredited LPG retail outlets in Lagos showed that cooking gas now sells between N1,100 and N1,400 per kilogram, compared with N1,900 to N2,400 per kilogram recorded in June.
National President of the Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM), Inyang Edu, attributed the price reduction to recent engagements between the Federal Government, industry regulators and key stakeholders, which led to improved product availability and greater flexibility for marketers to import LPG.
Edu explained that ex-depot prices had fallen from N22.2 million to N20.4 million per 20 metric tonnes, a development that has filtered down to retail outlets across the country.
He noted that the association had earlier raised concerns over the possibility of artificial scarcity, alleging that some marketers were hoarding products instead of releasing them into the market.
According to him, limited supply often drives up demand and leads to higher prices, prompting the association to engage government authorities to ensure adequate product circulation.
Edu added that marketers have now been directed to distribute products in line with their approved supply allocations, a move expected to prevent hoarding and stabilise the market.
He also disclosed that supplies from Dangote Refinery and the Nigeria LNG (NLNG) remain steady, while additional deliveries from other suppliers are expected to further boost availability.
Expressing optimism about the market outlook, Edu said the association would continue to work with the Federal Government and industry stakeholders to ensure that cooking gas prices decline further in the coming weeks, making the product more affordable for Nigerian households.
