- Dangote Refinery has reduced the ex-depot price of Liquefied Petroleum Gas (LPG) to ₦760 per kilogram.
- This price reduction provides relief to Nigerians amid rising LPG costs nationwide.
- The increase in LPG prices has been a significant burden for many households.
Nigerians have reason to celebrate as Dangote Refinery has once again reduced the ex-depot price of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, to ₦760 per kilogram.
The latest price slash comes amid a period of rising LPG costs nationwide, which has been putting significant strain on many households.
According to market reports, several major depots still sell at much higher prices. Matrix and Ardova depots currently offer LPG at ₦920 per kilogram, while A.Y.M Shafa and NIPCO set their prices at ₦910. Stockgap Depot remains the most expensive at ₦950 per kilogram.
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With Dangote’s new rate, consumers are saving between ₦150 and ₦190 per kilogram compared to other suppliers. Industry watchers see this move as part of the refinery’s effort to reduce market prices and make cooking gas more accessible to Nigerians.
Experts also describe the price adjustment as a deliberate strategy to stabilise the LPG market. They note that the refinery appears committed to curbing arbitrary price increases that have burdened consumers in the past
One analyst remarked, “This post-maintenance price reduction from Dangote reflects a clear intent to restore supply levels and bring order back to the domestic LPG market.”
However, despite the refinery’s intervention, many retail outlets in various states continue to sell at inflated rates. In Lagos and other parts of the country, customers report paying between ₦1,000 and ₦3,000 per kilogram in recent weeks.
The ongoing shortage has triggered long queues at gas plants and filling stations, leaving many Nigerians frustrated as they struggle to refill their cylinders.
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Meanwhile, Bayo Ojulari, Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), has attributed the recent price surge to the strike action by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN).
Speaking to journalists after visiting President Bola Tinubu at the State House on Sunday, Ojulari explained that the industrial action disrupted gas loading and distribution nationwide for several days, causing an artificial shortage and pushing prices upward.
He assured the public that with operations now back to normal, prices are expected to stabilise soon.