The price of liquefied petroleum gas (LPG), commonly known as cooking gas, has remained stable in the Federal Capital Territory, with vendors selling the product at between N1,200 and N1,500 per litre. A market survey conducted by Media Talk Africa on Monday showed that LPG prices in Abuja are consistent with the national average, despite reports of a price hike in parts of Lagos.
In Gwarimpa, vendor Uche Chinedu disclosed that a 12.5‑kilogram cylinder of LPG is sold for N15,000, which translates to N1,200 per litre. This price is comparable to that at filling stations, where the product is sold at N1,090 per litre. Similarly, in Dawaki, Dutse, and Kubwa, LPG prices ranged from N1,200 to N1,400 per litre. However, in Lugbe a vendor reported selling one kilogram of cooking gas at N1,500, slightly higher than the prevailing rate in other areas. The disparity may be attributed to transportation costs and vendor discretion.
The stability of LPG prices in Abuja contrasts with the situation in Lagos, where prices have risen to between N1,700 and N2,000 per litre. According to Bayo Ojulari, Group Chief Executive Officer of Nigerian National Petroleum Company Limited, the surge is artificial and caused by supply disruptions stemming from a feud between the Petroleum and Natural Gas Senior Staff Association of Nigeria and the Dangote Refinery. Ojulari assured that LPG prices would normalize once nationwide supply stabilizes.
This development offers welcome relief to consumers who have been coping with rising energy costs. As the Nigerian government continues to work toward a stable LPG supply, households and businesses that rely on the product for cooking and industrial purposes can expect a return to normal prices.
Comments are closed for this story.