Nigeria’s supply of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, increased by 24.4 per cent month-on-month to 5.1 metric tonnes per day in June 2026, up from 4.1 metric tonnes per day in May 2026, according to the latest fact sheet released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
The report also showed that national LPG consumption fell by about 10 per cent, dropping to 4.1 metric tonnes per day in June from 4.5 metric tonnes per day in May 2026.
In addition, the ex-depot price of cooking gas declined sharply by 28.4 per cent to N20.4 million per 20 metric tonnes in July 2026, compared with N26.2 million in June.
The reduction has begun to reflect at retail outlets, particularly in Lagos, where checks showed that cooking gas is now selling for between N1,100 and N1,400 per kilogram, down from N1,900 to N2,400 per kilogram in June.
Speaking with Vanguard, the National President of the Nigerian Association of Liquefied Petroleum Gas Marketers, Mr. Inyang Edu, confirmed that depot prices fell to N20.4 million from N22.2 million per 20 metric tonnes, contributing to lower prices at gas plants across the country.
Edu said the decline followed a series of meetings involving the Federal Government, regulators and industry stakeholders, after which marketers were directed to sell products in line with approved supply margins.
He also revealed that authorities had received intelligence reports suggesting a possible artificial scarcity, with some marketers allegedly hoarding products at their plants rather than releasing them into the market.
According to him, limited supply typically drives up demand and creates scarcity, which prompted the association to alert the government and regulatory agencies.
On current supply conditions, Edu said deliveries from Dangote Refinery and the Nigeria LNG (NLNG) remain steady, while other suppliers are also expecting additional cargoes.
He expressed optimism that cooking gas prices could decline further in the coming weeks as supply improves and market conditions stabilise.
