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LPG PRICES IN NIGERIA RISE BY 11% IN OCTOBER.

LPG PRICES IN NIGERIA RISE BY 11% IN OCTOBER.

By Oluwabukola Jimoh ــ Last Update 05 November 2023

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In an effort to provide transparency and insight into the fluctuating prices of Liquefied Petroleum Gas (LPG) across various Nigerian states, we present a comprehensive LPG price report for October 2023. The data outlines the prices for LPG in various cities across the country for both the 12.5kg cylinder and per kilogram, along with a comparative evaluation with the preceding month of September. Our survey gathered responses from a total of 21 participants, with the majority of responses originating from Facebook.

This pricing breakdown offers critical insights into the evolving LPG market in Nigeria, providing a clear picture of the variations in pricing across the country. Such information is invaluable for consumers, businesses, and government agencies, enabling them to make informed decisions and formulate policies in response to these dynamic market conditions.

We trust that this comprehensive overview serves as a valuable resource for all stakeholders within the LPG industry and beyond.

Cities or States Surveyed Include:Auchi, Benin, Ojo, Lagos, Alimosho, Iyana Ipaja, Egbeda, Lagos State, Gombe, Ibadan, Rivers State, Bwari, Abuja, Ogijo, Ogun State, Ijede, Ikorodu ,Warri, Delta State, Anambra State, Enugu State, Uyo, Ore, Ondo State, Bayelsa, Kwara State, and Kano State.

LPG Prices Across Nigerian Cities

Auchi, Benin:

LPG Price per Kilogram (KG): ₦1,050

12.5 KG Cylinder: ₦13,125

Ojo, Lagos:

LPG Price per KG: ₦1,000

12.5 KG Cylinder: ₦12,500

Alimosho, Iyana Ipaja:

LPG Price per KG: ₦1,100

12.5 KG Cylinder: ₦13,750

Ojo, Lagos:

LPG Price per KG: ₦900

12.5 KG Cylinder: ₦11,250

Egbeda, Lagos State:

LPG Price per KG: ₦950

12.5 KG Cylinder: ₦11,875

Gombe:

LPG Price per KG: ₦1,000

12.5 KG Cylinder: ₦12,500

Ibadan:

LPG Price per KG: ₦950

12.5 KG Cylinder: ₦11,875

Rivers State:

LPG Price per KG: ₦900

12.5 KG Cylinder: ₦11,250

Rivers State:

LPG Price per KG: ₦1,000

12.5 KG Cylinder: ₦12,500

Bwari, Abuja:

LPG Price per KG: ₦880

12.5 KG Cylinder: ₦11,000

Ogijo, Ogun State:

LPG Price per KG: ₦1,100

12.5 KG Cylinder: ₦13,750

Ijede, Ikorodu Lagos State:

LPG Price per KG: ₦1,000

12.5 KG Cylinder: ₦12,500

Warri, Delta State:

LPG Price per KG: ₦920

12.5 KG Cylinder: ₦11,500

Ibadan:

LPG Price per KG: ₦1,000

12.5 KG Cylinder: ₦12,500

Anambra State:

LPG Price per KG: ₦1,100

12.5 KG Cylinder: ₦13,750

Enugu State:

LPG Price per KG: ₦990

12.5 KG Cylinder: ₦12,375

Uyo:

LPG Price per KG: ₦1,000

12.5 KG Cylinder: ₦12,500

Ore, Ondo State:

LPG Price per KG: ₦800

12.5 KG Cylinder: ₦10,000

Bayelsa:

LPG Price per KG: ₦1,120

12.5 KG Cylinder: ₦14,000

Kwara State:

LPG Price per KG: ₦1,100

12.5 KG Cylinder: ₦13,750

Kano State:

LPG Price per KG: ₦1,050

12.5 KG Cylinder: ₦13,125

Cities or States with the Highest LPG Prices

1.Bayelsa:

LPG Price per Kilogram (KG): ₦1,120

12.5 KG Cylinder: ₦14,000

2. Anambra State:

LPG Price per KG: ₦1,100

12.5 KG Cylinder: ₦13,750

3. Alimosho, Iyana Ipaja:

LPG Price per KG: ₦1,100

12.5 KG Cylinder: ₦13,750

4. Kwara State:

LPG Price per KG: ₦1,100

12.5 KG Cylinder: ₦13,750

States and Cities with Intermediate LPG Prices

1. Uyo:

LPG Price per Kilogram (KG): ₦1,000

12.5 KG Cylinder: ₦12,500

2. Ogijo, Ogun State:

LPG Price per KG: ₦1,100

12.5 KG Cylinder: ₦13,750

3. Ijede, Ikorodu Lagos State:

LPG Price per KG: ₦1,000

12.5 KG Cylinder: ₦12,500

4. Ojo, Lagos:

LPG Price per KG: ₦900

12.5 KG Cylinder: ₦11,250

5. Rivers State:

LPG Price per KG: ₦900 (in one area) and ₦1,000 (in another area)

12.5 KG Cylinder: ₦11,250 (in one area) and ₦12,500 (in another area).

States and Cities with the Lowest LPG Prices

1. Ore, Ondo State:

LPG Price per Kilogram (KG): ₦800

12.5 KG Cylinder: ₦10,000

2. Bwari, Abuja:

LPG Price per KG: ₦880

12.5 KG Cylinder: ₦11,000

3. Ibadan:

LPG Price per KG: ₦950 (in one area) and ₦1,000 (in another area)

12.5 KG Cylinder: ₦11,875 (in one area) and ₦12,500 (in another area).

These states and cities offer the lowest LPG prices in the survey, providing affordable access to clean and efficient energy for households and businesses. The cost savings can significantly benefit consumers and reduce the economic burden associated with energy expenses.

Policymakers, industry stakeholders, and government bodies should take note of these regions with intermediate and lower LPG prices. They can use this information to develop strategies for promoting more affordable and accessible LPG in areas with higher prices, thus ensuring that clean and efficient energy is available to all Nigerians, regardless of their location.

Conclusively we can see that in October, the average price to purchase LPG is ₦ 12,446 and in September it was ₦ 11, 212. This shows a price increase of ₦ 1,234 between both months and a percentage increase is 11.01%.

So we will like to hear your opinion on the consistent increase in LPG prices. Comment below and let’s dialogue.

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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.