The Independent Petroleum Marketers Association of Nigeria (IPMAN) has shed light on how the recent reduction in petrol prices has led to a drop in the cost of liquefied petroleum gas (LPG), commonly known as cooking gas.

According to reports, the price of refilling a 12.5kg cylinder of cooking gas in Abuja has fallen from ₦17,500 to ₦16,250, meaning 1kg now sells for about ₦1,300, compared to ₦1,400 last month.

At filling and gas stations, prices range from ₦1,050 to ₦1,150 per kilogram, down from ₦1,200 to ₦1,400, depending on the area.

In Lagos, the cost of cooking gas has also declined, dropping to around ₦13,750 as of April 2025, down from ₦17,283.58 for 12.5kg recorded in November 2024, according to data from the National Bureau of Statistics (NBS).

This downward price trend is also evident in states such as Edo, Delta, and Niger, with many consumers now saving over ₦1,000 when refilling their cylinders, whether 12.5kg or smaller.

The fall in LPG prices follows the recent decrease in petrol prices to ₦910–₦950 per litre, down from ₦940–₦970, as sold by NNPC outlets, independent retailers, and Dangote Refinery partners.

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) notes that the country’s annual LPG consumption is about 1.4 million metric tonnes, which equals 1.4 billion kilograms. At an average price of ₦1,300 per kg, this translates to a projected annual expenditure of ₦1.82 trillion, a drop from the previous ₦1.96 trillion.

Currently, 600,000 tonnes of LPtons are produced locally, while the remaining 800,000 tonnes are imported to meet demand.

Commenting on the situation, IPMAN spokesperson Chinedu Ukadike explained that the decline in cooking gas prices is a result of reduced petrol costs and shifts in consumer energy choices.

He noted that during periods of high petrol prices, many people turned to LPG as an alternative fuel source for generators. Now, with petrol becoming more affordable, LPG suppliers have adjusted their prices accordingly.

Consumer behaviour in the energy market responds to changes in fuel prices. The availability of alternatives and the deregulation of the sector allow for more flexibility and competition,” Ukadike said, adding that prices may drop further depending on both global and local market conditions.