LPG Prices In Nigeria: A Notable 5.12% Increase Observed In July.

By Oluwabukola Jimoh ــ Last Update 03 August 2023

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In the month of July, we conducted a survey on Twitter and Facebook, gathering data from 20 respondents across various cities in Nigeria. The data provided valuable insights into the purchasing trends for Liquefied Petroleum Gas (LPG), commonly known as cooking gas, in different localities.

Cities surveyed include: Ijebu Ode, Bauchi, Lagos - Badagry, Ibeju Lekki, Enugu, Lagos, Lagos - Ikorodu, Kwara - Ilorin, Ekiti, Ibadan, Awka, Benue - Otukpo, Yola, Atan Otta, Kano, Katsina, Ebonyi, Ogijo Ogun, and Jos.

Key Findings

Highest Rates for 12.5KG and Per KG Purchases: In July, residents of Benue - Otukpo and Lagos - Ikorodu, Ijede, recorded the highest rates for LPG purchases. They bought 12.5KG of LPG at ₦10,625 and per KG at ₦850.

Rates for 12.5KG and Per KG Purchases in Other Cities: In Ijebu-Ode, Enugu, and Jos, LPG was purchased at ₦8,750 for 12.5KG and ₦700 per KG. In Bauchi, Lagos - Badagry, Lagos - Ikorodu, Ibadan, Awka, Ebonyi, and Jos, LPG was bought at ₦9,375 for 12.5KG and ₦750 per KG.

Lowest Purchases for 12.5KG and Per KG: The lowest LPG purchases were observed in some parts of Lagos, with 12.5KG costing about ₦7,500 and in Lagos - Ikorodu, where it was sold for ₦7,600. The per KG prices for these areas were ₦600 and ₦608, respectively. Atan Otta, Kano, and Enugu residents purchased at ₦8,000 for 12.5KG and ₦640 per KG.

Intermediate Prices for 12.5KG and Per KG Purchases: Ibeju Lekki, Ekiti, Ibadan, and Katsina purchased LPG for ₦8,125 for 12.5KG at ₦650 per KG. Meanwhile, Yola, Ebonyi, Kwara, and Ilorin purchased 12.5KG at ₦8,500 and per KG at ₦680. Finally, Ogijo - Ogun State residents purchased 12.5KG at ₦8,375 and per KG at ₦670.

In July, the average price of LPG/cooking gas was approximately ₦8,744, while in June, it stood at ₦8,318. This shows a price increase of about ₦426 between the two months. The percentage increase from June to July was approximately 5.12%.

The data from our survey in July provided valuable insights into the purchasing patterns of LPG across various cities in Nigeria. We observed variations in prices, with some cities recording higher rates for both 12.5KG and per KG purchases compared to others.

As the demand for LPG continues to rise, understanding these purchasing trends can help consumers make informed decisions and assist policymakers and industry stakeholders in addressing pricing disparities and ensuring better access to clean and affordable energy sources.

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Oluwabukola Jimoh

Oluwabukola Jimoh is a dynamic academic writer and captivating energy blogger. She is able to delve into intricate subjects with an insatiable thirst for knowledge, crafting thought-provoking essays that engage and enlighten her readers.