The supply of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, recorded a significant increase in June 2026, leading to a sharp decline in prices and offering much-needed relief to millions of Nigerian households and businesses.
Latest data released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) shows that the average daily supply of cooking gas rose by 24.4 percent, increasing from 4.1 metric tonnes per day in May 2026 to 5.1 metric tonnes per day in June 2026.
The increase in supply comes at a time when the Federal Government and industry stakeholders are intensifying efforts to make clean cooking energy more affordable and accessible across the country.
LPG Supply Increases While Consumption Declines
According to the NMDPRA’s June 2026 Fact Sheet, Nigeria experienced improved LPG availability during the month, helping to stabilize the domestic market.
Despite the higher supply, average daily consumption dropped to 4.1 metric tonnes, representing about a 10 percent decline from 4.5 metric tonnes per day recorded in May.
Industry analysts believe the reduced consumption may be linked to seasonal demand patterns, changing household purchasing habits, and the high prices consumers experienced in previous months.
The improved balance between supply and demand has contributed significantly to the recent reduction in cooking gas prices nationwide.
Ex-Depot Prices Record Sharp Decline
Another major development in the LPG market is the significant reduction in ex-depot prices.
Industry data indicates that the ex-depot price of cooking gas fell by 28.4 percent, dropping to approximately ₦20.4 million per 20 metric tonnes in July 2026, compared to ₦26.2 million recorded in June.
Lower wholesale prices have enabled marketers and retail gas plants to reduce prices for consumers across several states.
Retail Cooking Gas Prices Drop Across Nigeria
Market checks at accredited gas plants, particularly in Lagos and other major cities, indicate that the retail price of cooking gas has fallen considerably.
Consumers now purchase LPG at prices ranging between ₦1,100 and ₦1,400 per kilogram, depending on location and distribution costs.
This marks a significant improvement compared to June, when prices ranged between ₦1,900 and ₦2,400 per kilogram, placing considerable pressure on household budgets.
The decline is expected to encourage more Nigerians to return to cleaner cooking fuels, reducing dependence on firewood and charcoal.
Marketers Explain Reasons for Price Reduction
Speaking on the development, the National President of the Nigerian Association of Liquefied Petroleum Gas Marketers, Mr. Inyang Edu, attributed the price reduction to sustained engagement between marketers, regulators, and the Federal Government.
According to him, discussions with relevant authorities created a framework that encouraged depot owners and marketers to import sufficient quantities of LPG while ensuring adequate market supply.
He explained that the intervention helped prevent artificial shortages that could have driven prices higher.
Mr. Edu noted that some marketers had previously stored products due to concerns over limited supply, a situation that risked creating artificial scarcity.
He emphasized that regulatory oversight and improved supply management have restored confidence in the market and reduced opportunities for price manipulation.
Consistent Supply from Major Producers
The marketers’ association also confirmed that domestic LPG supply from major producers, including Dangote and the Nigeria LNG (NLNG), has remained stable.
Additional imports from other suppliers are also expected to strengthen availability in the coming weeks.
Industry stakeholders believe that sustained supply from both local production and imports will help maintain price stability and improve energy security.
Outlook for Cooking Gas Prices
Industry experts remain optimistic that cooking gas prices could decline further if current supply levels are maintained.
They stressed that consistent product availability, competitive pricing, and effective market regulation are essential to keeping LPG affordable for consumers.
Lower cooking gas prices are expected to benefit households, restaurants, food vendors, and small businesses that depend heavily on LPG for daily operations.
Affordable cooking gas also supports Nigeria’s transition to cleaner energy by reducing reliance on traditional biomass fuels that contribute to deforestation and indoor air pollution.
Conclusion
The latest NMDPRA data highlights positive developments in Nigeria’s LPG market, with increased supply, lower wholesale costs, and declining retail prices providing welcome relief for consumers.
While consumption has eased slightly, improved market stability and stronger supply chains suggest the sector is moving in a positive direction.
If current trends continue and collaboration among government agencies, producers, and marketers remains strong, Nigerians may experience even lower cooking gas prices in the months ahead.