Retail Cooking Gas Hits ₦1,800/kg as Depot Prices Rise 31.8%

The retail price of liquefied petroleum gas (LPG), popularly known as cooking gas, has climbed to ₦1,800 per kilogram following a 31.8 percent increase in depot prices from ₦1,100 to ₦1,450 per kilogram.

Checks by Petroleumprice.ng correspondents in Lagos and Ogun states confirmed that retailers in both locations are selling cooking gas at ₦1,800 per kilogram, indicating that the higher depot prices are being reflected in the retail market.

The depot adjustment represents an increase of ₦350 per kilogram, raising the cost of replenishing supplies for retailers and putting additional pressure on household energy expenses.

At the prevailing retail rate of ₦1,800 per kilogram, consumers purchasing 5kg of cooking gas now pay ₦9,000, while a 12.5kg cylinder costs ₦22,500.

The retail price is ₦350 above the latest depot rate of ₦1,450 per kilogram, reflecting the additional costs incurred along the distribution chain before the product reaches consumers.

The latest increase adds to the financial burden on households that depend on LPG for domestic cooking, as the higher retail rate raises the amount consumers must spend to refill their cylinders.