KEY POINTS
- Nigeria’s LPG supply fell by 8.5% to 4.7 metric tonnes daily in February 2026
- Consumption dropped by 20% due to rising prices linked to global energy disruptions
- Cooking gas prices increased nationwide, with Lagos prices reaching up to N1,500 per kg
Nigeria’s supply of Liquefied Petroleum Gas, LPG, commonly known as cooking gas, fell by 8.5 percent to 4.7 metric tonnes per day in February 2026, down from 5.1 metric tonnes recorded in December 2025. The data was released in the latest report by the Nigerian Midstream and Downstream Petroleum Regulatory Authority.
The report showed that domestic consumption declined even more sharply, dropping by 20 percent to 4,194 metric tonnes per day in February from 5,050 metric tonnes in January. This indicates reduced usage, likely driven by rising costs and supply constraints.
The decline has been linked to the ongoing geopolitical tensions in the Middle East, particularly involving Iran, which pushed global crude oil prices to around $84 per barrel. The disruption in international oil supply chains has led to increased prices of petroleum products, including cooking gas, across Nigeria.
Retail prices climb across Lagos
Market checks in Lagos revealed that the price of cooking gas has risen significantly, with a kilogram selling between N1,050 and N1,300 in some locations, and as high as N1,400 to N1,500 in others. The official report noted that LPG prices ranged from N980 to N1,500 per kilogram in February, compared to N950 to N1,550 in January.
Further details showed that wholesale gas supply dropped slightly to 4.771 billion standard cubic feet per day in February from 4.837 billion in January. Similarly, gas supplied to the domestic market declined to 1.763 billion cubic feet per day, down from 1.906 billion in the previous month.
The ongoing crisis has disrupted oil production and trade routes globally, tightening supply and driving up prices. Nigeria, which relies partly on global market dynamics for LPG pricing, is feeling the ripple effects through higher costs and reduced availability.
