Nigerians can now heave a sigh of relief as Dangote Refinery has once again reduced the ex-depot price of Liquefied Petroleum Gas (LPG), popularly known as cooking gas, to ₦760 per kilogram.
The latest price drop comes at a time when the cost of cooking gas has been soaring across the country, putting pressure on households.
Reports show that other major depots are still selling at much higher prices. Matrix and Ardova depots currently sell cooking gas for ₦920 per kilogram, while A.Y.M Shafa and NIPCO offer it at ₦910. Stockgap Depot tops the list with a price of ₦950 per kilogram.
This means Dangote’s price is between ₦150 and ₦190 cheaper per kilogram compared to other suppliers. The move is seen as part of Dangote’s strategy to drive down prices and make cooking gas more affordable for Nigerians.
Analysts believe this price cut is a calculated effort by the refinery to bring stability to the LPG market. They say the company is working to discourage unnecessary price hikes that have affected consumers in the past.
An industry expert noted, “Dangote’s post-maintenance price cut shows intent, not only to restore supply volumes but also to bring discipline back to the domestic LPG market.”
Despite Dangote’s intervention, retail prices of cooking gas in some parts of the country have climbed sharply. In Lagos and other states, consumers have reported paying between ₦1,000 and ₦3,000 per kilogram in recent weeks.
The scarcity has led to long queues at filling stations and gas plants, leaving many Nigerians frustrated as they struggle to refill their cylinders.
