Liquefied petroleum gas (LPG) rates have started to decline throughout Nigeria following a period of steep increases caused by supply shortages. In Abuja, retail prices at outlets such as AA Shafa and Ranoil in Dutse and Gwarimpa have fallen to between N1,450 and N1,500 per kilogram, down from a previous high of N1,700.
Vendors in areas including Kubwa, Dawaki, Bwari, and Lugbe are currently selling LPG at prices ranging from N1,650 to N1,700, representing a decrease from the recent peak of N2,000 per kilogram. This marks a total reduction of between N200 and N350 per kilogram over the last few weeks. Currently, depot owners are supplying the fuel at rates between N1,065 and N1,100 per kilogram.
While improved supply levels have driven these retail adjustments, prices remain above the target range of N1,000 to N1,200 anticipated for late May 2026. Industry representatives, including Chinedu Ukadike of the Oil and Gas Suppliers Association of Nigeria and Taofeek Lawal of NIPCO, attributed the previous volatility to seasonal factors, increased demand, and product scarcity. Authorities have previously encouraged marketers to bolster imports to stabilize the domestic market.
