January 18, 2026
Business Economy News

Cooking Gas Prices Drop Slightly by 1.91% in July 2025, NBS Reports

By Emmanuel Kwada

‎The average retail price for refilling a 12.5kg cylinder of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, decreased by 1.91% on a month-on-month basis, dropping from N21,010.56 in June 2025 to N20,609.48 in July 2025, according to the latest LPG Price Watch Report released by the National Bureau of Statistics (NBS).

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Despite this slight relief, the year-on-year comparison reveals a significant 44.51% increase from N14,261.57 recorded in July 2024, highlighting the ongoing challenges in managing cooking gas costs.

Credit:NBS

‎The month-on-month decline, though modest, offers a rare respite for families grappling with rising living expenses. The report, which tracks average prices across Nigeria’s 36 states and the Federal Capital Territory, indicates that the reduction may reflect stabilizing supply chains or temporary market adjustments. However, the substantial year-on-year surge underscores the broader inflationary pressures that have plagued the sector over the past 12 months.

‎Regional disparities in pricing remain stark. States with the highest average prices in July 2025 include Adamawa (N22,528.39), Rivers (N22,512.49), and Taraba (N22,363.57), where consumers continue to bear the brunt of elevated costs. In contrast, states with the lowest average prices are Yobe (N19,030.00), Niger (N19,154.99), and Nasarawa (N20,000.62), offering some of the more affordable options for LPG users.

‎The slight decrease could be a result of government interventions or seasonal supply adjustments, but the overall upward trend remains a concern

These variations suggest logistical challenges or differences in local market dynamics influencing price distribution.

‎The 12-month price trend, spanning July 2024 to July 2025, paints a complex picture. Prices have fluctuated significantly, peaking at N21,010.56 in June 2025 before the recent dip. Earlier months showed a steady climb, with May 2025 at N20,709.11, April 2025 at N20,268.06, and a low of N17,492.42 in February 2025. This rollercoaster of prices has left many households struggling to adapt their budgets.

Credit: NBS

‎The slight decrease could be a result of government interventions or seasonal supply adjustments, but the overall upward trend remains a concern.

Read Also: FG received N12.3 trillion ($7.89bn) loans, grants to tackle poverty, but more Nigerians sink deeper into poverty

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