The federal benchmark price is ₦230 per kg (PCNGi / FG). Using a common conversion for natural gas (about 0.829 kg per 1 SCM), that equals roughly ₦191 per SCM. Market prices can be higher (₦320 - ₦350/kg or more), so the real SCM price in some places is often ₦265–₦290 per SCM or higher.
How I got these numbers (simple steps)
What is an SCM?
An SCM = one standard cubic metre of natural gas (a volume measure). Stations sometimes sell CNG by kg and sometimes by SCM.The government benchmark: ₦230 per kg. This is the rate announced under the Presidential CNG initiative.
Conversion factor (kg to SCM)
Natural gas composition varies, so the kg-SCM conversion is not one fixed number. A widely used practical figure for natural gas is about 0.829 kg per 1 SCM (so 1 SCM approximately 0.829 kg). Use this for simple, typical conversions.
Price math (easy steps)
> Start with price per kg: ₦230 / kg.
> Multiply by kg per SCM (0.829):
= 230 × 0.829 = 190.67 so approximately @ ₦191 per SCM.
If market rate is higher (example: ₦320 - ₦350 per kg, which some dealers charge), then:
320 × 0.829 = 265.28 equals to ₦265 per SCM.
350 × 0.829 = 290.15 you have approximately ₦290 per SCM.
So depending on which per-kg price you use, the per-SCM price moves with it.
Short table
| Price per kg (₦) | kg per SCM used | Price per SCM (₦) |
|---|---|---|
| 230 (govt benchmark) | 0.829 | 191. |
320 (common market level) |
0.829 | 265. |
350 (higher market level) |
0.829 | 290. |
Important notes (keep in mind)
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The LPG business can be highly profitable, but one wrong decision can cost you millions in losses, delays, regulatory issues, or operational setbacks.
Whether you're planning your first gas plant or already operating one, this guide will help you avoid costly mistakes and make smarter business decisions.
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