The Dangote Petroleum Refinery has again reduced the ex-depot price of Liquefied Petroleum Gas (LPG), cutting it from ₦810 to ₦760 per kilogram. This fresh adjustment positions the refinery as the most affordable supplier in Nigeria’s LPG market, reinforcing its growing influence over pricing dynamics.
Competitors now trail significantly behind, with Matrix and Ardova depots selling at ₦920 per kilogram, while A.Y.M Shafa and NIPCO offer LPG at ₦910 per kilogram. Stockgap Depot tops the market with the highest rate of ₦950 per kilogram, widening the gap between Dangote and other players by ₦150 to ₦190 per kilogram.
Industry analysts interpret this price disparity as a calculated strategy by Dangote Refinery to “reshape the market and pressure competitors to lower their prices.” By maintaining lower ex-depot prices, the refinery appears determined to regulate market trends and curb excessive price hikes that have long destabilized the cooking gas supply chain.
Recently, the price of LPG went as high as N3000 per kg across the nation. The Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Bayo Ojulari, attributed the sudden price escalation to supply disruptions caused by the recent PENGASSAN strike.
Speaking to journalists at the State House after a courtesy visit to President Bola Tinubu, Ojulari explained that the temporary halt in petroleum loading and distribution during the strike caused a ripple effect across the LPG supply chain.
“So the increase you saw was relatively artificial because for the period of the strike, what that meant was movements and loading were delayed by about two, three days,” he said
