In a development that may reshape Nigeria's domestic gas market, the Dangote Petroleum Refinery has once more lowered its ex-depot price for Liquefied Petroleum Gas (LPG). The price has decreased from ₦810 per kilogram last Wednesday to ₦760 per kilogram today.
Dangote Refinery offers Liquefied Petroleum Gas (LPG) at a rate of ₦760 per kilogram, positioning it as the most affordable option in the local market.
In comparison, both Matrix and Ardova depots have set their price at ₦920 per kilogram. Meanwhile, A.Y.M Shafa and NIPCO provide their LPG at ₦910 per kilogram. Stockgap Depot charges the most, with a price of ₦950 per kilogram.
The disparity in pricing, with Dangote’s rate at ₦760/kg compared to others priced between ₦910 and ₦950/kg, illustrates a difference of ₦150 to ₦190 per kilogram. This shows the refinery's strategic effort to reshape the market and pressure competitors to lower their prices.
Industry experts suggest that the price difference is part of a strategic move by Dangote Refinery to regulate pricing at depots and combat unwarranted price increases that have historically disrupted the LPG market.
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