The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) reported a 24 percent monthly growth in Liquefied Petroleum Gas (LPG) supply, reaching 5.1 metric tonnes daily in June 2026, up from 4.1 metric tonnes in May. Conversely, domestic consumption dipped to 4.1 metric tonnes per day in June, marking a 10 percent decrease from the 4.5 metric tonnes recorded the previous month.
Ex-depot prices for cooking gas also saw a significant 28.4 percent monthly decline in July 2026, dropping to N20.4 million per 20 metric tonnes from N26.2 million in June. Retail prices at Lagos gas plants have subsequently fallen, with costs per kilogram shifting from a range of N1,900 to N2,400 in June to between N1,100 and N1,400 currently.
Inyang Edu, National President of the Nigerian Association of Liquefied Petroleum Gas Marketers, attributed this price relief to government intervention. Following discussions with stakeholders, depot owners received a directive to release supplies based on specific margins. Edu noted that consistent supply from NLNG and Dangote has helped stabilize the market, adding that the industry is working to prevent artificial scarcity caused by hoarding.
