Dangote Refinery has reduced its ex-depot price for Liquefied Petroleum Gas (LPG), or cooking gas, to ₦760 per kilogram, down from ₦810.
This move contrasts with competitors’ rates: Matrix and Ardova at ₦920/kg, A.Y.M Shafa and NIPCO at ₦910/kg, and Stockgap at ₦950/kg.
Competitive Pricing Strategy
Dangote’s ₦760/kg price undercuts rivals by ₦150–₦190/kg. Analysts see this as a deliberate effort to reshape the LPG market.
“Dangote aims to restore stability and curb excessive pricing,” an industry expert noted. The refinery’s post-maintenance strategy focuses on competitive pricing and market discipline.
Recent Price Surges
Cooking gas prices recently spiked from ₦1,000 to ₦3,000 per kilogram in Lagos and beyond. Scarcity triggered long queues at gas plants.
The Nigerian National Petroleum Company Limited (NNPCL) linked the surge to a PENGASSAN strike that disrupted supply chains.
NNPCL Addresses Shortage
NNPCL CEO Bayo Ojulari, speaking Sunday after meeting President Bola Tinubu, blamed the PENGASSAN strike for halting LPG distribution.
He assured relief soon, saying, “Normal supply is resuming, and prices will stabilize as distribution recovers.”
Impact on Consumers
Dangote’s price cut offers hope for consumers facing high costs. By challenging competitors, the refinery aims to ease the financial burden and ensure steady LPG availability across Nigeria.
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