Relief for Nigerians as Dangote Refinery Slashes Cooking Gas Price to ₦760 per Kilogram
By: Israel Adeleke
OPEN TELEVISION NAIJA (OTN) News reports that Nigerians are set to enjoy relief in household expenses as the Dangote Refinery has once again reduced the ex-depot price of Liquefied Petroleum Gas (LPG), popularly known as cooking gas, to ₦760 per kilogram.
OTN News further reports that this marks the second price reduction by the refinery in recent weeks, a move that is expected to ease pressure on consumers battling rising energy costs.
OTN News observes that the new price represents a significant drop compared to rates at other major depots, where the commodity still sells at higher prices.
For instance, Ardova and Matrix depots currently sell LPG for ₦920 per kilogram, while NIPCO and A.Y.M Shafa offer it at ₦910. Stockgap Depot’s rate remains at ₦950 per kilogram.
Industry experts say Dangote Refinery’s price cut is a deliberate strategy aimed at restoring supply balance and introducing discipline into Nigeria’s domestic LPG market.
“This move will put competitive pressure on other suppliers and help drive down retail prices,” an analyst said.
OTN News further observes that retail prices of cooking gas across Nigeria currently range from ₦1,000 to as high as ₦3,000 per kilogram, depending on location.
In parts of Ogun State such as Arepo, Magboro, and Mowe, the cost of refilling a 12.5kg cylinder has dropped slightly, from about ₦18,000 to between ₦13,000 and ₦16,000, following recent supply improvements.
Despite this relief, some regions are still grappling with shortages that have caused temporary spikes in prices.
Meanwhile, the Nigerian National Petroleum Company Limited (NNPCL) has attributed the recent surge in gas prices to disruptions caused by the industrial action of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN).
Speaking after a visit to President Bola Tinubu at the State House on Sunday, NNPCL’s Group Chief Executive Officer, Bayo Ojulari, explained that the strike action halted gas loading and distribution across the country for several days, creating artificial scarcity.
He assured Nigerians that gas supply would soon stabilise and prices would normalize as operations resume.
The Dangote Refinery’s latest intervention is widely seen as a positive development for millions of households and small businesses struggling with escalating energy costs, signaling potential stability in the domestic gas market.
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