June 4, 2025/CSL Research
The National Bureau of Statistics (NBS) recently released the April 2025 price watch report for Liquefied Petroleum Gas (LPG), commonly known as cooking gas. The report shows that the average retail price for refilling a 5kg cylinder of cooking gas increased by 7.69% month-on-month (m/m), rising from ₦7,322.49 in March 2025 to ₦7,885.60 in April 2025.
On a year-on-year (y/y) basis, this is an increase of 20.92% y/y compared to ₦6,521.58 in April 2024. Also, the average retail price for refilling a 12.5kg cylinder of cooking gas increased by 9.82% m/m, inching up from ₦18,456.24 in March 2025 to ₦20,268.06 in April 2025. Y/y, this marks a 29.61% rise, compared to ₦15,637.74 in April 2024.
Following the Federal Government’s kick-off of the conditional ban on liquefied petroleum gas (LPG) exports in the fourth quarter of 2024, domestic gas sales have shown continued improvement. According to the April 2025 Gas Production Status Report from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), domestic LPG sales recorded an average year-on-year growth of 25.08% over the four months since January 2025. This uptick in domestic supply had a moderately positive effect on retail LPG prices in the early part of the year. In January and February 2025, average month-on-month price changes for 5kg and 12.5kg cooking gas refills showed a slight decline of 0.05%, compared to an average increase of 2.13% recorded in Q4 2024. However, more recently, LPG retail prices have risen sharply. Between March and April 2025, the two-month average price growth surged to 6.64%, driven primarily by a significant spike in April.
The rise in domestic cooking gas price for April can be attributed in part to the month-on-month dip in volume of domestic LPG sales (-2.34% m/m) to 64,097.82 million standard cubic feet (MMscf) out of the country’s gas production volume. A notable bane to the price of domestic cooking gas has been the abysmal domestic supply of the commodity out of the overall country gas production, which continues to lag at circa 45% compared to export volumes at 55% of total gas production. Although there has been a steady growth in domestic gas supply volume, aligning with the Federal Government’s push for clean cooking initiatives and increased supply to the local market, it is worthy of note that domestic demand still outpaces supply, highlighting the burning need for better policy frameworks to prioritize local
supply.
Click here to download full report: CSL Nigeria Daily – 04 June 2025 – Energy.pdf
