Nigeria’s daily supply of Liquefied Petroleum Gas, commonly known as cooking gas, increased by 24.4% to about 5,100 metric tonnes in June 2026.
According to Vanguard, data contained in the Nigerian Midstream and Downstream Petroleum Regulatory Authority’s June 2026 fact sheet showed that supply rose from about 4,100 metric tonnes per day in May.
However, daily consumption declined to approximately 4,100 metric tonnes in June from 4,500 metric tonnes recorded in the previous month, representing a drop of nearly 10%.
Cooking gas prices decline
The improvement in supply coincided with a reduction in the ex-depot price of cooking gas.
The price of 20 metric tonnes of LPG dropped to about N20.4m in July, easing the pressure that had pushed retail prices sharply higher in June.
Checks at accredited gas plants in Lagos showed that one kilogramme of cooking gas now sells for between N1,100 and N1,400, depending on the location.
The product sold for between N1,900 and N2,400 per kilogramme in parts of the state during the supply shortage recorded in June.
The decline offers relief to households and businesses that depend on LPG for cooking and other commercial activities.
Marketers blame previous surge on supply concerns
National President of the Nigerian Association of Liquefied Petroleum Gas Marketers, Inyang Edu, attributed the price reduction to engagements involving the Federal Government, regulators and industry stakeholders.
Edu said the discussions resulted in measures that allowed marketers to import LPG according to approved supply margins.
He explained that reports of possible hoarding had previously raised concerns about artificial scarcity in the market.
“Before now, we got an intel of possible artificial scarcity. Some marketers hoard their products and store them at their plants, some gave an excuse of selling to their clients,” he said.
Edu warned that hoarding could reduce available supply and cause prices to rise as consumers compete for limited quantities.
“When there is limited supply of the product, the demand for it will be high, which results in scarcity,” he said.
He added that the association raised the matter with the Federal Government and relevant agencies, leading to measures directing marketers to release products according to their approved allocations.
Dangote, NLNG supplies remain consistent
Edu said supplies from the Dangote Petroleum Refinery and Nigeria LNG remained consistent, while other suppliers were expecting additional deliveries.
The increased availability has helped ease the shortage and encouraged gas plants to reduce their retail prices.
However, marketers said the government must continue monitoring depots and distribution channels to prevent hoarding and other practices capable of creating another artificial shortage.
“We will continue to appeal to the Federal Government and stakeholders for the price to drop more,” Edu said.
“We are hopeful the price of cooking gas will drop further in the coming weeks.”
A further decline would provide additional relief to Nigerian households, many of which reduced their LPG consumption or returned to alternative cooking fuels following the sharp price increase in June.
