Dangote Refinery Reduces Cooking Gas Price to ₦760/kg in Fresh Relief for Nigerians!

Dangote Refinery Reduces Cooking Gas Price to ₦760/kg in Fresh Relief for Nigerians!

Reported by Marian Opeyemi Fasesan | Sele Media Africa

In a move expected to ease financial pressure on households, the Dangote Refinery has slashed the ex-depot price of Liquefied Petroleum Gas (LPG), also known as cooking gas, from ₦810 to ₦760 per kilogram.

What Happened

• The price cut was confirmed on Tuesday by industry sources who noted that the refinery’s new rate undercuts prices offered by other depots, which are currently selling between ₦910 and ₦950 per kilogram.
• The development is part of what analysts describe as a strategic effort by the refinery to capture market share and provide relief amid rising energy costs.
• The pricing adjustment applies to marketers purchasing directly from the refinery for distribution nationwide.

Market Impact

• LPG retailers and distributors have welcomed the move, saying it could lead to retail price reductions in coming days—if transportation and terminal charges remain stable.
• A Lagos-based LPG dealer, Aminu Danjuma, told Sele Media Africa that “this is the kind of market competition Nigeria has been waiting for since the Dangote refinery came on stream.”
• Households have been hit hard by rising gas prices in recent months, forcing many to revert to charcoal and firewood, worsening deforestation and indoor pollution concerns.

Why It Matters

• Nigeria is Africa’s top crude oil producer but imports a large percentage of its refined products, including LPG.
• The Dangote Refinery, which began operations in 2024, was built to reverse that trend with local refining capacity for petrol, diesel, aviation fuel, and LPG.
• The latest price cut aligns with Dangote’s promise to domestically refine and distribute energy products at competitive rates.

Looking Ahead

• If sustained, the price drop may pressure other importers and depots to adjust their prices downward.
• However, experts warn that logistical challenges and currency volatility could affect how much of the refinery’s price drop reaches end users.
• The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has not yet issued a formal response but is expected to monitor pricing trends closely.

Citations:

1. NigerianEye: www.nigerianeye.com/2025/10/dangote-refinery-slashes-cooking-gas.html
2. Naija News: www.naijanews.com/2025/10/07/dangote-reduces-price-of-cooking-gas
3. NMDPRA LPG Report (2025 Q3 Snapshot)

About The Author

Marian Opeyemi Fasesan

editor

Marian Opeyemi Fasesan is a dynamic journalist and editorial leader committed to excellence in news reporting and storytelling. As the Editor-in-Chief of Sele Media Africa, she ensures daily operations run smoothly while upholding the highest editorial standards. With a strong eye for detail and deep understanding of audience engagement, Marian coordinates content across platforms, guiding teams to produce compelling, timely, and credible news. Her leadership reflects the heart of Sele Media Africa’s mission—to inform, inspire, and elevate voices across the continent.

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