Cooking gas (LPG) prices in Nigeria’s capital have pulled back from recent peaks, offering a brief respite to households and small businesses that have been squeezed by soaring energy costs.
The price correction marks a notable shift in the local energy market, where volatility has been a persistent theme for consumers.
In Abuja, the cost of a kilogram of cooking gas has dropped to N1,498, a significant retreat from the recent peak of N2,000.
This decline suggests a short-term easing of pressure on Nigerian households and small enterprises that rely on LPG for daily operations.
The move comes as broader fuel prices in the country remain sharply elevated, with diesel recording the steepest annual increase among major energy products in May.
The price correction in the LPG segment provides a counterpoint to the wider inflationary pressures gripping the Nigerian energy sector.