The Dangote Petroleum Refinery has announced a reduction in the ex-depot price of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, from ₦810 to ₦760 per kilogram — currently the lowest rate in the country.
This price adjustment places the refinery’s LPG significantly below the prevailing market rates, as competing depots are reportedly selling between ₦910 and ₦950 per kilogram. The new pricing creates a margin of up to ₦190 per kilogram, offering potential relief to marketers and consumers grappling with rising energy costs.
Industry analysts view the move as a strategic intervention by the Dangote Refinery to stabilize Nigeria’s volatile LPG market and discourage arbitrary price hikes by middlemen. They noted that the refinery’s growing capacity and market influence could help improve supply consistency, enhance affordability, and reduce Nigeria’s dependence on imported LPG.
The price cut comes amid widespread public concern over escalating cooking gas prices, which have placed pressure on household incomes and small businesses.
Market observers believe that if sustained, Dangote’s pricing strategy could trigger broader market competition, compel other depots to review their rates downward, and ultimately make clean cooking energy more accessible to millions of Nigerians.
