There are indications that the price of Liquefied Petroleum Gas, also known as cooking gas, may rise sharply nationwide amid dwindling depot stocks and rising domestic demand.
Checks by Vanguard showed that only Dangote Petroleum Refinery, Ardova Plc and Navgas had commercial volumes of LPG available for sale in the domestic market.
Market sources who spoke with the publication attributed the tight supply to increased demand in Lagos and other parts of the country, as more households and businesses switch to cooking gas.
Depot prices monitored showed that Dangote Petroleum Refinery sold LPG at N1,060 per kilogramme, while Ardova Plc and Navgas sold at ₦1,065/kg and ₦1,085/kg, respectively.
Operators warned that the retail price of cooking gas could rise to ₦1,500/kg from the current average of about ₦1,300/kg if the supply situation persists.
The Chief Executive Officer of Petroleumprice.ng, Olatide Jeremiah, said the current supply pressure could trigger further price increases.
“There is the likelihood that the price of cooking gas will rise in the coming days because of high demand. Many homes and other users have shifted to cooking gas,” he said.
Meanwhile, the latest report by the Nigerian Midstream and Downstream Petroleum Regulatory Authority showed that Nigeria’s domestic gas utilisation increased in March 2026, reinforcing the Federal Government’s push to deepen local consumption of natural gas for power generation, industries and other commercial uses.
Data released by the Nigerian Upstream Petroleum Regulatory Commission showed that domestic gas sales rose to 55,903.72 million standard cubic feet in March 2026, from 52,300.45 million standard cubic feet recorded in February 2026.
The figures indicated that more gas was supplied to domestic users, especially gas-fired power plants and industrial consumers, at a time Nigeria continues to grapple with electricity shortages and seeks cleaner alternatives to diesel and fuel oil.
The March gas utilisation data also showed that Nigeria utilised 224,935.06 million standard cubic feet out of the 240,510.62 million standard cubic feet produced during the month, representing a utilisation rate of 93.5 per cent.