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"Prices have shown a slight rise in the international and domestic markets for LPG in the immediately preceding week "
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-]International prices of LPG started with an initial drop and later continued on a rising note for the rest of the week under review.
-We find only a slight rise in depot price in response to the rise in prices internationally.
-Prices per kg of LPG at the depots in Nigeria are still well over double the prices at the international market.
-Regional disparities in the retail prices of LPG within the country continue to persist.

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Regional disparity in the prices of LPG across the country has been a regular feature of the Nigerian LPG market. Though the South-south geopolitical zone hosts the great majority of depots in the country due to its proximity to the ocean, prices have been highest in the region.

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The exchange value of the naira to the US. $ was remained stable throughout the week (Figure D).
For the first time in about three weeks, the foreign reserve has experienced a drop in the week under review.
The drop in the reserve has implications for the value of the naira in the days and weeks to come and in turn the landing cost of LPG to Nigeria.
For the gas market, managers report declining inventory, new orders and employment.
The recently announced 1.8% growth rate for Q1 2020 will boost, at least, temporarily, the confidence of investors and market players of the viability of the Nigerian market.
Fluctuations in the prices of crude oil in the international market were not very severe in the week under review. (Figure E).

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A potential continuous stabilization in the value of the naira might signal stability in domestic LPG prices particularly if oil prices in the international market continue to drop.

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