Dangote Refinery has slashed its ex-depot price for Liquefied Petroleum Gas (LPG), widely known as cooking gas, from ₦810 to ₦760 per kilogram, providing long-awaited relief to Nigerian consumers.
According to reports, market comparisons reveal that Matrix and Ardova depots currently sell LPG at ₦920 per kilogram, while A.Y.M Shafa and NIPCO charge ₦910 per kilogram. Stockgap Depot maintains a higher rate at ₦950 per kilogram.
The pricing difference — with Dangote’s ₦760/kg compared to others between ₦910 and ₦950/kg — reflects a ₦150 to ₦190 gap, signalling the refinery’s deliberate move to reshape the domestic market and compel rival depots to cut prices.
Industry analysts believe Dangote’s decision is a calculated step to restore market balance and curb excessive price hikes that have long destabilised the LPG sector.
“Dangote’s post-maintenance price cut shows intent, not only to restore volumes but to realign pricing discipline in the domestic LPG market,” an industry analyst stated.
This adjustment comes amid a steep rise in cooking gas prices, which recently soared from ₦1,000 to as high as ₦3,000 per kilogram in Lagos and other cities across the country.
The surge has left many Nigerians frustrated, as long queues formed at the few gas plants that still had supplies available.
However, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari, attributed the sharp rise in LPG prices to the recent strike by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN).
Speaking to State House correspondents after meeting President Bola Tinubu on Sunday, Ojulari explained that the industrial action halted loading and distribution for several days, triggering an artificial spike in prices.
He assured Nigerians that prices would soon stabilise as operations across the supply chain return to normal.
