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Nigeria’s LPG prices have plummeted, now averaging ₦1,100 per kilogramme amid improving supply levelsLagos leads the decline, with competition driving prices as low as ₦1,095/kg among key marketersExperts predict further price cuts to ₦900/kg if robust supply and competition continue to thrive
Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade.
Nigeria’s Liquefied Petroleum Gas (LPG) market is witnessing a sharp decline in prices as improved product availability across coastal depots eases the supply shortages that recently drove cooking gas costs to record highs.
Fresh market checks by Petroleumprice.ng show that wholesale LPG prices have dropped to as low as ₦1,100 per kilogramme, down from an average of ₦1,500/kg recorded just days ago.
Cooking gas prices crash to an average of N1,100 per kg as supply improves. Credit: Brin Sharma/ContributorSource: Getty Images
At the height of the recent supply crisis, prices in some locations
