The Independent Petroleum Marketers Association of Nigeria has explained how the reduction in the price of Premium Motor Spirit pushed the price of liquefied petroleum gas, popularly known as cooking gas, down.

This comes after due observation that the cost of refilling a 12.5-kilogramme cylinder of cooking gas reduced to N16,250 from N17,500 in some retail outlets in the Federal Capital Territory, Abuja.

This means that 1kg of cooking gas is now sold for N1,300, from N1,400 last month in Abuja.

Meanwhile, in filling stations or gas stations, 1kg of cooking gas is sold between N1,050 and N1,150, compared to N1,200 and N1,400 in previous months, depending on the location in Abuja.

In Lagos State, the price of cooking gas fell to approximately N13,750.00 as of April 2025, depending on the area, from N17,283.58 for 12.5kg in November last year, according to National Bureau of Statistics data.

The downtrend in the price of LPG is also experienced in Edo, Delta, Niger, and other states in Nigeria, with consumers having to save at least N1,000 for refilling either a 12.55kg cylinder or a smaller quantity.

The development follows the recent drop in the price of petrol to between N910 and N950 per litre from N940 and N970 by Nigerian National Petroleum Company Limited retail outlets, petrol retailers, and retail partners of Dangote Refinery.

According to the Nigerian Midstream Downstream Petroleum Regulatory Authority, NMDPRA, the country consumes 1.4 million metric tonnes of LPG annually.

Accordingly, this translates to 1.4 billion kilogrammes. At the current average price of N1.4 billion per kilogramme, consumers will spend N1.82 trillion yearly, a reduction from N1.96 trillion.

While Nigeria produced 600,000 tonnes of cooking gas locally, the country imported 800,000 tonnes to meet the 1.4 million metric tonnes total yearly demand.

Reacting to the development, the spokesperson of the Independent Petroleum Marketers Association of Nigeria, Chinedu Ukadike, said in an interview that the marginal drop in the price of LPG is expected following the reduction in the price of petrol.

According to him, alternative energy sources in the country’s downstream sector have impacted the price of competing products.

“When the petrol price was high, liquefied petroleum gas was used as an alternative to fuel for some generators.

“Now that the price of petrol is going down, the LPG marketers and producers have dropped their prices in line with the international factor and exchange rate.

“The alternative choice of energy in the downstream sector has impacted the prices of competing petroleum products. The pricing of petroleum products affects the behaviours of consumers.

“That is the beauty of deregulation.

“The price may drop further in the coming month depending on the international and domestic market matrix,” he said.

The Federal Inland Revenue Service (FIRS) has directed banks to immediately identify and close any FIRS tax and levy collection accounts not authorized under the TaxPro Max system.

The FIRS Chairman, Zacch Adedeji, in the entitled Directive to Close Unauthorised FIRS Tax Collection Accounts,’ said “effectively immediately, all tax and levy collections on behalf of FIRS must be processed exclusively under an assessment raised on the TaxPro Max platform.

The TaxPro Max is a homegrown tax administration platform that facilitates tax-related activities, including registration, filing, payment, and issuance of tax clearance certificates, among others .

The decision was part of the ongoing efforts to boost efficiency and transparency in tax collection as well as ensure uniformity and seamless reconciliation of tax payments.

It said : ” All banks participating in the FIRS Collection, Remittance and Reconciliation Scheme are hereby advised to comply with this directive within the stipulated period.

“We count on your cooperation to ensure a smooth transition to this centralised system, thereby contributing to a more transparent and efficient tax collection process.”

FIRS urged taxpayers and other stakeholders to reach out to the Revenue Accounting and Refund Department (RAAD) in FIRS for any clarifications or support regarding the directive.”

The Federal Government, through the Presidential Compressed Natural Gas Initiative, has said about 175 new Compressed Natural Gas refilling stations will be ready in the next 12 to 18 months.The PCNGI Programme Coordinator, Michael Oluwagbemi, disclosed this in a video shared on the PCNGI’s X handle on Sunday.

He said that the 175 stations will reduce the stress faced by Nigerians in accessing CNG.

Oluwagbemi expressed satisfaction that the nation has moved from 11 CNG stations last year to 65 in 2025.

There’s no doubt in my mind that we are in a much better place than we were when we kicked off this programme this time last year. When we started in January of last year, there were fewer than 11 functional CNG stations in Nigeria.

Most of them lacked customers because people did not know about CNG as a potential fuel for transportation. Today, we’re in a much different place,” he said.