Amanze Chinonye
The Dangote Refinery has reduced the ex-depot price of Liquefied Petroleum Gas (LPG), popularly known as cooking gas, from ₦810 to ₦760 per kilogram, in a move that would bring relief to millions of Nigerian households battling soaring energy costs.
The latest adjustment makes Dangote’s LPG the cheapest in the domestic market, as other private depots currently sell between ₦910 and ₦950 per kilogram.
Industry observers say the price reduction marks a strategic attempt by the refinery to stabilize the market and ease pressure on consumers after weeks of scarcity and sharp price spikes that pushed the 12.5kg cylinder refill to as high as ₦30,000 in some cities.
Join our WhatsApp ChannelMarketers and retailers are expected to start responding to the new pricing structure, with expectations that retail costs could drop further if consistent supply from the refinery is maintained.
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“The move is timely and commendable,” said Babajide a Lagos-based gas dealer. “If supply remains steady, we should start seeing the impact at the retail level in a few days.”
The price cut also signals increasing competition among depot operators, potentially driving a broader market correction after disruptions caused by industrial actions and logistics bottlenecks in recent weeks.
Energy analysts note that Dangote’s pricing strategy could help narrow the gap between ex-depot and retail prices, reduce speculative hoarding, and restore consumer confidence in domestic LPG supply.
As Nigeria continues to grapple with energy affordability challenges, Dangote’s downward adjustment may provide short-term relief though experts warn that sustained policy coordination and improved distribution logistics are essential to achieving lasting stability in the cooking gas market.
Amanze Chinonye is a Staff Correspondent at Prime Business Africa, a rising star in the literary world, weaving captivating stories that transport readers to the vibrant landscapes of Nigeria and the rest of Africa. With a unique voice that blends with the newspaper's tradition and style, Chinonye's writing is a masterful exploration of the human condition, delving into themes of identity, culture, and social justice. Through her words, Chinonye paints vivid portraits of everyday African life, from the bustling markets of Nigeria's Lagos to the quiet villages of South Africa's countryside . With a keen eye for detail and a deep understanding of the complexities of Nigerian society, Chinonye's writing is both a testament to the country's rich cultural heritage and a powerful call to action for a brighter future. As a writer, Chinonye is a true storyteller, using her dexterity to educate, inspire, and uplift readers around the world.
