June 16, 2026

Marketers Plan LPG Imports Amid 140% Price Increase

LAGOS, Nigeria: The national liquefied petroleum gas marketers of Nigeria have initiated plans to import large volumes of cooking gas following a domestic price increase from N1,000 ($0.67) to N2,400 ($1.60) per kilogramme between January 2026 and June 2026.

Okay News reports that the Nigerian Association of Liquefied Petroleum Gas Marketers confirmed depot owners are preparing international shipments to address the domestic scarcity. The association’s National President, Edu Inyang, verified the import preparations on Monday, June 15, 2026.

“The depot owners have confirmed to us that they are planning to import enough LPG,” Inyang said.

The spokesman for Nigeria‘s Minister of State for Petroleum Resources (Gas), Louis Ibah, stated that local producers cannot currently meet domestic demand. The Dangote Petroleum Refinery recently reduced domestic supply as it increased production capacity to 700,000 barrels per day.

“Marketers are stepping up their efforts and have committed to importing larger volumes of LPG, ensuring that supply meets demand in the weeks ahead for domestic consumers,” Ibah said.

The Federal Government of Nigeria has maintained its restriction on cooking gas exports. The Nigerian Midstream and Downstream Petroleum Regulatory Authority is enforcing the export ban while collaborating with the Nigerian National Petroleum Company Limited to increase local availability.

Google News

Stay connected via Google.

Add Okay News as a preferred source for faster follow-through coverage.

Preferred sourceAdd on Google
Advertisement

About the author

Advertisement
Stay with Okay News

Follow the report beyond this story

Follow Okay News across the channels and tools you use most.

ChannelFollow on WhatsAppDirect story alerts, sharper updates, and easier sharing with your circle.Preferred sourceAdd on GoogleFollow Okay News updates across Google surfaces.Visual briefingsFollow on InstagramVisual updates, clips, and newsroom highlights.Reader appGet the appRead Okay News on your mobile device.