Nigeria's LPG Prices Stay High After Government Intervention

Two weeks after an emergency stakeholders’ meeting on June 22 in Abuja, convened by Minister of State for Petroleum Resources (Gas) Ekperikpe Ekpo, Nigeria’s liquefied petroleum gas (LPG) market showed improved supply but retail prices remained elevated.

National LPG supply sufficiency rose from about 11 days to 22 days, and average daily supply increased from roughly 4,262 tonnes in May to over 5,000 tonnes in June. Despite this, consumers continue to pay ₦1,300 – ₦1,650 per kilogram across regions, with the highest rates in Maiduguri and parts of the North‑East. Prices had previously surged to as much as ₦2,500 per kilogram in June after a scarcity that began in May when prices were below ₦1,000.

The intervention stabilized market panic and eased depot price volatility, but retail prices stayed high due to elevated international LPG prices, foreign‑exchange costs, transport and inland distribution expenses, and insufficient domestic production. Many households are still rationing LPG or reverting to firewood and charcoal.