The Dangote Petroleum Refinery has announced a reduction in the ex-depot price of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, from ₦810 per kilogram to ₦760 per kilogram.
This latest adjustment marks a ₦50 decrease per kilogram and is expected to bring significant relief to consumers grappling with the rising cost of domestic energy. The price review, according to industry observers, aligns with the refinery’s commitment to supporting government efforts to stabilize energy prices and enhance affordability for Nigerian households.
The refinery, owned by Africa’s richest man, Aliko Dangote, began domestic distribution of refined products earlier this year, with the aim of reducing the country’s reliance on imported petroleum products. The new price adjustment is anticipated to influence market prices across the nation positively, as depot owners and retailers are expected to reflect the reduction in their selling prices.
Stakeholders in the downstream sector have commended the move, describing it as a welcome development that could ease inflationary pressures, especially for families who depend on cooking gas for daily use.
Economic analysts also predict that the refinery’s decision may trigger competitive pricing among other suppliers, ultimately benefiting end-users and promoting energy accessibility nationwide.
The Dangote Refinery, located in the Lekki Free Trade Zone, Lagos, remains one of Africa’s largest industrial projects and a critical component of Nigeria’s energy reform agenda.