Thursday, April 30, 2026
Home Oil & Gas LPG SUPPLY FALLS 8.5% TO 4.7 METRIC TONNES DAILY

LPG SUPPLY FALLS 8.5% TO 4.7 METRIC TONNES DAILY

The supply of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, declined by 8.5 per cent month-on-month to 4.7 metric tonnes per day in February 2026, down from 5.1 metric tonnes per day recorded in December 2025.

This was disclosed in the latest factsheet released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) for February 2026.

According to the report, national LPG consumption also dropped sharply by 20 per cent, falling to 4,194 metric tonnes per day in February 2026 from 5,050 metric tonnes per day recorded in January 2026.

Industry checks indicate that the decline is linked to rising global crude oil prices triggered by tensions in the Middle East, which pushed oil prices to around $84 per barrel and increased the cost of petroleum products, including cooking gas.

The supply disruption in the international oil market contributed to higher retail prices across gas stations nationwide.

A survey of LPG outlets in Lagos showed that the price of cooking gas currently ranges between N1,050 and N1,300 per kilogram, with some stations selling as high as N1,400 to N1,500 per kilogram.

The NMDPRA report showed that the retail price range for LPG in February 2026 stood between N980 and N1,500 per kilogram, compared with N950 to N1,550 per kilogram in January 2026.

Meanwhile, the report also indicated a slight decline in wholesale gas supply.

Total wholesale gas supply stood at 4.771 billion standard cubic feet per day (BSCF/d) in February 2026, down from 4.837 BSCF/d recorded in January 2026.

Similarly, average daily gas supplied to the domestic market fell to 1.763 BSCF per day in February 2026, compared with 1.906 BSCF per day in January 2026.

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