The Liquefied Petroleum Gasoline Retailers Affiliation of Nigeria (LPGAR) has distanced its members from the continued hike and shortage of cooking gasoline throughout the nation, insisting that retailers usually are not accountable for the value surge.
In response to the Information Company of Nigeria (NAN), LPGAR Chairman, Mr. Ayobami Olarinoye, stated on Saturday in Lagos that the present state of affairs is pushed by provide constraints quite than value manipulation by retailers.
“The current shortage and spike in LPG costs have introduced untold hardship to tens of millions of Nigerian households and companies. We perceive this ache and really feel compelled to make clear the position of outlets on this disaster,” Olarinoye stated.
He was reacting to current claims by the President of the Nigerian Affiliation of Liquefied Petroleum Gasoline Entrepreneurs (NALPGAM), who reportedly accused retailers of inflicting the value hike. Olarinoye described the allegations as “unfair and deceptive,” explaining that retailers neither function at depot stage nor act as importers or main off takers.
What they stated
“Our operations are restricted to purchasing gasoline from plant homeowners and promoting to end-users. Many people journey to neighbouring states to buy LPG at excessive prices because of provide shortages, which naturally impacts retail costs,” he said.
Olarinoye clarified that though Dangote Refinery has maintained steady gasoline costs, provide irregularities have created a demand-supply imbalance, which continues to push up costs.
“Some retailers have needed to shut their shops for days or perhaps weeks as a result of they couldn’t entry provide, leading to large enterprise losses,” he added.
He famous that the value enhance is only a operate of market dynamics. “If plant homeowners enhance costs, we have now no alternative however to regulate ours. We can’t promote at a loss,” he stated.
Olarinoye additional defined that whereas Dangote Refinery has develop into a key participant within the home LPG market, it doesn’t but have the capability to fulfill nationwide demand which has grown from underneath a million metric tonnes to over 2.3 million metric tonnes yearly.
He defined that a number of off takers anticipated to complement Dangote’s provide via imports or sourcing from the Nigeria Liquefied Pure Gasoline (NLNG) have decreased their operations because of vital pricing disparities.
Dangote presently sells a 20-metric-tonne truckload of LPG for about N15.8 to N16 million, whereas off-takers provide an identical quantity at round N18.5 to N18.6 million. This value hole has prompted patrons to go for the cheaper supply, resulting in decreased importation and worsening shortage.
The current PENGASSAN strike additionally intensified the pressure on an already fragile provide chain, leaving some plant homeowners unable to load gasoline regardless of making funds.
Olarinoye known as on the federal government to shut the pricing hole between native producers and importers to stabilise provide and guarantee constant market pricing.
He emphasised that resolving the disaster requires coordinated efforts amongst authorities businesses, producers, and entrepreneurs to strengthen home manufacturing, foster aggressive pricing, and restore stability to the LPG market.
What you need to know
The retailers’ resolution to debunk rumours of their involvement follows widespread reviews from clients who stated they bought cooking gasoline at exorbitant costs throughout a number of components of the nation.
- Many households have complained about paying practically double the standard value for refills, additional fueling hypothesis that retailers have been exploiting the state of affairs.
- The Nationwide Bureau of Statistics (NBS) reported that the common retail value for refilling a 5kg cylinder of Liquefied Petroleum Gasoline (Cooking Gasoline) decreased by 22.32% on a month-on-month foundation from N8,243.79 recorded in July 2025 to N6,404.02 in August 2025.
- The report additionally said that the common retail value for refilling a 12.5kg Cooking Gasoline decreased by 21.42% on a month-on-month foundation from N20,609.48 in July 2025 to N16,195.07 in August 2025.
NBS information reveals that Nigeria’s headline inflation fee eased for the fifth consecutive month, dropping to twenty.12% in August 2025 from 21.88% recorded in July 2025.
