Petrol Price Drop Drives Down Cooking Gas Costs – IPMAN

The price of cooking gas has fallen in many Nigerian states, and IPMAN says this is due to the lower cost of petrol, which is affecting fuel alternatives.

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has explained why the cost of cooking gas is now lower in different parts of the country.

According to the association, the drop in prices is mainly due to the recent fall in petrol prices.

In Abuja, the Federal Capital Territory, the price for refilling a 12.5kg cylinder of cooking gas, also known as Liquefied Petroleum Gas (LPG), has decreased from ₦17,500 to around ₦16,250 at some outlets. This change reflects a new rate of ₦1,300 per kilogram, down from the ₦1,400 it was just a month ago.

At various gas stations across Abuja, 1kg of LPG now costs between ₦1,050 and ₦1,150. Previously, the price ranged from ₦1,200 to ₦1,400, depending on the location.

In Lagos, the situation is similar. As of April 2025, people are paying about ₦13,750 to refill a 12.5kg cylinder. This is a big drop from ₦17,283.58, which was the price in November 2024.

Other states like Edo, Delta, and Niger have also experienced similar price reductions. On average, customers are now saving about ₦1,000 when buying cooking gas, whether it’s a full 12.5kg refill or smaller amounts.

This price drop comes at the same time petrol prices are falling. Petrol now sells between ₦910 and ₦950 per litre. Earlier, prices were between ₦940 and ₦970 at stations run by the Nigerian National Petroleum Company Limited and those linked to Dangote Refinery.

The Nigerian Midstream and Downstream Petroleum Regulatory Authority has reported that the country uses about 1.4 million metric tonnes of LPG every year. That translates to 1.4 billion kilograms. With the current average price of ₦1,300 per kilogram, Nigerians are expected to spend around ₦1.82 trillion yearly—less than the earlier estimated ₦1.96 trillion.

To meet this demand, Nigeria produces 600,000 tonnes of LPG locally and imports 800,000 tonnes from abroad.

Speaking about the situation, IPMAN’s spokesperson, Chinedu Ukadike, said the change in LPG prices is a direct result of the drop in petrol prices.

“When the petrol price was high, liquefied petroleum gas was used as an alternative to fuel for some generators.”

“Now that the price of petrol is going down, the LPG marketers and producers have dropped their prices in line with the international factor and exchange rate.”

“The alternative choice of energy in the downstream sector has impacted the prices of competing petroleum products. The pricing of petroleum products affects the behaviours of consumers.”

He added, “That is the beauty of deregulation.”

Ukadike also mentioned that, “The price may drop further in the coming month depending on the international and domestic market matrix.”

Send Us A Press Statement Advertise With Us Contact Us

 And For More Nigerian News Visit GWG.NG