Cooking gas costs drop after reduction in Petrol price

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Cooking gas costs drop after reduction in Petrol price

By Francis

Cooking gas costs drop after reduction In Petrol prices

 

Ifeyinwa Susan Francis

 

The Independent Petroleum Marketers Association of Nigeria has enumerated how the fall in the price of Premium Motor Spirit triggered the price of liquefied petroleum gas, also known as cooking gas, down. Cooking had

 

According to the Daily Post, the price of a 12.5-kg cylinder of cooking gas that was sold for N17,500 has been reduced to N16,200 in some retail outlets in Abuja.

 

This was disclosed by Daily Post on the 29th of April, 2025.

 

This proves that cooking gas, which was sold for N1,400, is now sold for N1,300 and sold between N1,050 and N1,150 in filling stations compared to N1,200 and N1,400 in previous months.

 

The fall in the price of cooking gas is also experienced in Edo, Delta, Niger, and other states in Nigeria, with consumers having to spend lesser for refilling either a 12.55kg cylinder or a smaller quantity.

 

The new change follows the current reduction in the price of petrol to between N910 and N950 per liter from N940 and N970 by Nigerian National Petroleum Company Limited retail outlets, petrol retailers, and retail partners of Dangote Refinery

 

According to the Nigerian Midstream Downstream Petroleum Regulatory Authority, NMDPRA, the country consumes 1.4 million metric tonnes of cooking gas yearly translating to 1.4 billion kilograms. At the current average price of N1.4 billion per kilogram, consumers will spend N1.82 trillion yearly, a reduction from N1.96 trillion.

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Nigeria produces 600,000 tonnes of cooking gas locally and imports 800,000 tonnes to meet the 1.4 million metric tonnes of total annual demand.

 

Reacting to the new change, the spokesperson of the Independent Petroleum Marketers Association of Nigeria, Chinedu Ukadike, said in an interview with DAILY POST that a marginal drop in the price of cooking gas is expected following the reduction in the price of petrol.

 

According to him, other energy sources in the country’s downstream sector have impacted the price of competing products.

 

 

“When the petrol price was high, liquefied petroleum gas was used as an alternative to fuel for some generators.

 

“Now that the price of petrol is going down, the LPG marketers and producers have dropped their prices in line with the international factor and exchange rate.

 

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“The alternative choice of energy in the downstream sector has impacted the prices of competing petroleum products. The pricing of petroleum products affects the behaviors of consumers.

 

“That is the beauty of deregulation.

 

“The price may drop further in the coming month depending on the international and domestic market matrix,” he told

DAILY POST.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


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