Abuja cooking gas prices retreat from N2,000 peak as supply concerns linger

LPG costs in Nigeria's capital have eased to N1,498/kg, offering temporary relief to consumers. However, industry body IPMAN warns that delays in a critical Chinese refinery partnership could threaten long-term supply stability.

By Handelsavisen Newsroom · Automated 2026-06-30 07:11 UTC · 1 min read

Cooking gas (LPG) prices in Abuja have dropped to N1,498 per kilogram, a significant retreat from the recent peak of N2,000/kg.

The price correction signals a short-term easing of pressure on Nigerian households and small businesses that rely on the fuel for daily operations.

The decline follows a period of heightened volatility in the domestic energy market, where supply constraints had previously driven costs to record highs.

Despite the immediate price relief, structural risks to the Nigerian LPG market remain unresolved.

The Institute of Petroleum Marketers of Nigeria (IPMAN) has raised alarms regarding the stalled progress of a strategic partnership with a Chinese refinery.

Industry leaders argue that this collaboration is essential for stabilizing domestic supply chains and reducing reliance on volatile import markets.