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Liquefied Petroleum Gas (LPG), popularly known as cooking gas, is recording a noticeable price drop across major Nigerian cities like Lagos and Abuja, providing a measure of relief to households battling high inflation. Dealers attribute this downward trend to improved product availability at depots and a more stable foreign exchange market, which has reduced the pressure of dollar fluctuations on imports. In the Federal Capital Territory, prices have dropped from late 2024 highs of N1,800 per kg to between N1,080 and N1,400 per kg, with NIPCO currently offering some of the most competitive rates.

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While residents have welcomed the lower costs, many remain cautiously optimistic and are calling for long-term price sustainability. Consumers note that despite the recent dip, the overall cost of living—driven by high rent, school fees, and petrol prices—remains a heavy burden. Business owners and educators emphasize that for more Nigerians to permanently switch from charcoal or firewood to cleaner energy, the government must address structural issues such as inadequate distribution infrastructure and the high cost of transporting gas via road tankers.

The price correction follows a volatile period in late 2025 when a PENGASSAN strike and maintenance at the Nigeria LNG facility caused costs to spike. In response, The Minister of State for Petroleum Resources (Gas), Dr Ekperikpe Ekpo, had assured Nigerians that prices would normalize, directing the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to intensify monitoring of LPG depots to curb hoarding and price manipulation. Although recent data showed a sharp increase in the average cost of 5kg and 12.5kg refills through October, the current interventions and increased supply from sources like the Dangote Refinery are expected to help normalize the market.