LPG price expected to reach N1,500 per kilogram as depot inventories decline.

•Only Dangote Refinery, Ardova, Navgas have supplies

By Udeme Akpan, Energy Editor

There are indications that the price of Liquefied Petroleum Gas, LPG, also known as cooking gas, may rise sharply across the country as depot stocks dry up amid increasing domestic demand. Checks by Vanguard yesterday showed that only the Dangote Petroleum Refinery, Ardova Plc and Navgas had commercial volumes of LPG available for sale in the domestic market.

Market sources linked the development to growing demand for LPG in Lagos and other regions, as more households and businesses adopt cooking gas.

Depot pricing observed on the day indicated that Dangote Petroleum Refinery sold LPG at N1,060 per kilogram, while Ardova Plc and Navgas priced it at N1,065 per kilogram and N1,085 per kilogram respectively.

Operators cautioned that the retail price could climb to N1,500 per kilogram from the current average of about N1,300 per kilogram if the supply constraints continue.

Speaking with Vanguard, Olatide Jeremiah, Chief Executive Officer of Petroleumprice.ng, said the present supply pressure could lead to further increases in cooking‑gas prices.

“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 from the Nigerian Midstream and Downstream Petroleum Regulatory Authority indicated that domestic gas utilisation rose in March 2026, supporting the Federal Government’s effort to expand local consumption of natural gas for power generation, industry and other commercial applications.

Data released by the Nigerian Upstream Petroleum Regulatory Commission showed domestic gas sales increased to 55