A review of data from the Global Petroleum Price portal has revealed that cooking gas prices in Nigeria are higher than in several countries, including Saudi Arabia, Russia, India, and Angola—raising fresh concerns about affordability.
The findings underscore the growing financial strain on Nigerian households, despite the country’s status as a major oil and gas producer.
According to the data, Liquefied Petroleum Gas (LPG) in Nigeria was priced at $0.674 per kilogram as of March 16, 2026, placing it among countries with relatively high cooking gas costs.
In contrast, LPG prices are significantly lower in other nations. Saudi Arabia records $0.290 per kilogram, Russia $0.388, while Angola is among the cheapest at $0.109. Azerbaijan has an even lower rate at $0.091 per kilogram.
Other countries reviewed include Honduras at $0.412, Belarus at $0.438, Armenia at $0.503, and the Dominican Republic at $0.596.
Further comparisons show Georgia at $0.624, India at $0.648, and Paraguay at $0.656. Nigeria’s price is on par with Chile at $0.674, but still higher than many oil-producing nations.
The disparity becomes more pronounced when compared with income levels. Saudi Arabia’s minimum wage is about $1,065, while Nigeria’s stands at roughly $49. In Russia, the minimum wage is approximately $321.32, highlighting a significant gap in purchasing power.
This suggests that consumers in Nigeria bear a heavier burden when it comes to accessing cooking gas compared to citizens in many other countries.
The rising LPG cost reflects broader trends in Nigeria’s energy sector, where petroleum product prices have continued to climb. This has significantly impacted household energy expenses, especially as more Nigerians turn to gas as a cleaner alternative to kerosene and firewood.
Recent market shifts have also played a role. The Dangote Refinery recently increased its gantry price for LPG to ₦800 per kilogram from ₦760, effective March 17, 2026.
Market checks indicate that the price adjustment is tied to rising global crude oil prices, which have driven up feedstock and refining costs.
Industry stakeholders warn that without targeted interventions, the continued rise in cooking gas prices could further restrict access to clean energy for many households.
The situation has renewed calls for policy measures aimed at stabilising prices and improving affordability within Nigeria’s domestic energy market.
