Table of Contents
- Price Surge of LPG in Lagos
- Current Prices
- Government Action Against Hoarding
- Causes of Price Increase
- Current Market Situation
- Price Trends Overview
The cost of Liquefied Petroleum Gas (LPG), commonly referred to as cooking gas, has surged to an all-time high in Lagos, putting pressure on households and small businesses as the Federal Government takes action against suspected hoarders.
As of Monday, the price for a kilogram of LPG ranged between N2,500 and N3,000 across various regions of the state, a significant increase from approximately N1,000 per kilogram recorded in August.
In locations such as Amuwo Odofin and Surulere, the price for refilling a 12.5kg cylinder has risen to over N25,000, according to market observations.
The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, stated through his spokesperson Louis Ibah, that relevant regulatory bodies have been instructed to take “immediate enforcement action” against marketers found hoarding products or artificially inflating prices.
“This situation is intolerable. The government will not permit a handful of operators to take advantage of citizens,” Ekpo remarked, adding that normal supply is anticipated to resume within a week.
Officials have linked the sudden price increase to two significant disruptions: the recent PENGASSAN strike at the Dangote Refinery and ongoing maintenance at the Nigeria LNG Train 4 facility, both of which have considerably decreased gas supply to the domestic market.
Although the strike was called off nearly two weeks ago, supply levels have not yet stabilized. Several gas depots in Apapa and Ikeja reportedly operated below capacity on Monday, with long lines of tankers awaiting loading.
Data from the National Bureau of Statistics (NBS) reflects a sharp reversal in price trends. In August 2025, the average retail cost for a 12.5kg cylinder decreased by 21.42% to N16,195.07, prior to the recent spike erasing those gains.
Frequently Asked Questions
What caused the recent rise in LPG prices?
The increase in LPG prices has been attributed to two main disruptions: the recent PENGASSAN strike at the Dangote Refinery and ongoing maintenance at the Nigeria LNG Train 4 facility, both of which have significantly reduced gas supply.
What actions is the government taking regarding LPG price inflation?
The Minister of State for Petroleum Resources has directed regulatory agencies to take immediate enforcement action against marketers suspected of hoarding products or inflating prices, ensuring that citizens are not exploited.
When is normal LPG supply expected to resume?
Normal LPG supply is expected to resume within a week, according to the Minister of State for Petroleum Resources.
