By Peter Dansu Dangote Refinery has reduced its ex-depot price for Liquefied Petroleum Gas (LPG), commonly known as cooking gas, to ₦760 p...
By Peter Dansu
Dangote Refinery has reduced its ex-depot price for Liquefied Petroleum Gas (LPG), commonly known as cooking gas, to ₦760 per kilogram, a move seen as a bold step to stabilize the market and ease the burden on consumers.
Market data shows that other major depots, including Matrix and Ardova, currently sell at ₦920 per kilogram. A.Y.M Shafa and NIPCO are pegged at ₦910, while Stockgap Depot’s rate stands at ₦950 per kilogram.
With Dangote offering LPG at ₦760 per kilogram compared to others selling between ₦910 and ₦950, the price gap of ₦150 to ₦190 highlights the refinery’s strategic effort to reset market prices and push competitors to follow suit.
Industry analysts believe the refinery’s decision is a deliberate attempt to introduce fair pricing and reduce the artificial inflation that has long affected the domestic LPG market.
“Dangote’s post-maintenance price cut reflects a clear intention to boost supply and restore pricing discipline within the industry,” an energy expert noted.
The intervention comes at a time when the price of cooking gas has soared nationwide, with retail prices in Lagos and other states hitting between ₦1,000 and ₦3,000 per kilogram amid scarcity and long queues at filling stations.
Meanwhile, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari, has linked the recent price hike to the industrial action by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN).
Ojulari explained that the strike disrupted loading and distribution activities for several days, leading to an artificial shortage and a spike in prices.
He, however, assured Nigerians that the situation would soon normalize as operations resume fully across the country.
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