Cooking gas prices fall across Nigeria as LPG supply rises above consumption, with Lagos recording a sharp drop to N1,235 per kilogramme in July

Cooking gas prices fell across several major Nigerian cities in July 2026 as Liquefied Petroleum Gas, LPG, supply increased above estimated consumption, easing pressure on households after months of steep price increases.

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Data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, showed that total LPG supply rose to 5.332 kilotonnes per day in July, up from 5.164 kilotonnes per day in June.

The July supply level was also significantly higher than the estimated national consumption benchmark of 3.9 kilotonnes per day, indicating improved availability in the market.

Daily consumption nevertheless increased from 4.1 kilotonnes per day in June to 4.4 kilotonnes per day in July. Supply remained ahead of demand, however, helping to ease pressure on prices.

Domestic sources accounted for 4.373 kilotonnes per day, or about 82 per cent of total supply, while imports contributed 0.958 kilotonnes per day, representing 18 per cent.

The NLNG/SEPNU consortium was the largest supplier, accounting for 2.031 kilotonnes per day, or 38.1 per cent of total supply through vessel deliveries.

Dangote Refinery supplied another 0.829 kilotonnes per day, equivalent to 15.5 per cent, while other domestic processing facilities contributed 1.513 kilotonnes per day.

The stronger availability was reflected in retail prices across several cities.

In Lagos, the average price of cooking gas dropped to about N1,235 per kilogramme in July from approximately N1,776 per kilogramme in June, representing a decline of nearly 30 per cent.

Ibadan also recorded a notable reduction, with the average price falling from N1,775 to N1,540 per kilogramme.

In Calabar, prices declined from N1,550 to N1,410 per kilogramme, while Kano recorded a more modest reduction from N1,575 to N1,550.

Enugu also saw prices fall from N1,625 to N1,550 per kilogramme.

Sokoto was the exception among the cities listed in the data, with the average price rising slightly from N1,550 to N1,575 per kilogramme.

The latest cooking gas prices represent a significant improvement from the sharp market volatility experienced earlier in the year.

By mid-June, LPG prices had climbed as high as N2,500 per kilogramme in some parts of the country, compared with about N1,500 to N1,700 per kilogramme around May 25.

The steep increase prompted the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, to direct LPG marketers to increase imports while NMDPRA stepped up engagement with producers, importers and marketers.

An emergency stakeholders’ meeting in Abuja subsequently formed part of efforts to improve market availability. LPG supply sufficiency reportedly increased from about 11 days to 22 days following the intervention.

The July figures suggest that the market has begun to recover from the supply disruptions experienced during April and May.

Domestic production is playing an increasingly important role in that recovery. NLNG/SEPNU and Dangote Refinery together accounted for more than half of the total LPG supply recorded during the month.

The greater reliance on domestic sources could help reduce the market’s exposure to international supply pressures, although sustained investment will be needed to keep production and distribution ahead of demand.

Market volatility remains a concern. Domestic LPG supply fell by about 10 per cent month-on-month in June, while some of Nigeria’s gas production continues to be directed towards exports.

For households, the July figures offer welcome relief after months of elevated energy costs. However, the stability of cooking gas prices will depend on whether the recent improvement in domestic supply can be sustained.

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With consumption continuing to rise, increased investment in gas production, processing, storage and distribution will be crucial if Nigeria is to avoid another sharp price surge and make affordable cooking gas more consistently available to households.