As of February 8, 2025, the price of liquefied petroleum gasoline (LPG) in Nigeria fluctuated significantly in Nigeria.
In October 2024, the report indicated that the price had risen to 1,500 thousand kilograms per kilogram, up from 700 thousand kilograms per kilogram in June 2023, up 114% in 16 months.
However, recent data suggests a slight decline in prices. As of February 7, 2025, the warehouse prices listed for 20 metric tons (MT) loads are as follows:
NIPCO: ₦19,400,000
Navgas: ₦19,500,000
Matrix: ₦22,500,000
According to suppliers, the average price of these warehouses is about 1,200 to 1,300 thousand kilograms per kilogram. It is important to note that retail prices may vary based on factors such as location, shipping costs and retailer profit margins.
Volatility in cooking gas prices is affected by a variety of factors, including global energy prices, exchange rate fluctuations and domestic supply restrictions.
More than 60% of Nigeria’s LPG is imported, making the market sensitive to international price changes and currency exchange rates.
Price breakdown of cylinder size:
3kg cylinder: ₦3,900
5kg cylinder: ₦6,500
6kg cylinder: ₦7,800
10kg cylinder: ₦13,000
12.5kg cylinder: ₦16,250
