Breaking: Dangote Announces Major Cut In Cooking Gas Price Nationwide

Dangote has reduced its cooking gas price from ₦810 per kilogram last week to ₦760 per kilogram.

A market survey shows that other major depots are selling significantly higher. Matrix and Ardova peg their rates at ₦920/kg, while A.Y.M Shafa and NIPCO sell at ₦910/kg. Stockgap Depot tops the chart with ₦950/kg.

With this adjustment, Dangote now offers the lowest cooking gas price in the domestic market, compared to competitors whose prices range between ₦910 and ₦950 per kilogram.

The price slash comes amid recent hikes in Liquefied Petroleum Gas (LPG) costs. The Group CEO of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari, attributed the surge to the strike by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN).

Speaking to State House correspondents on Sunday after meeting with President Bola Tinubu, Ojulari explained that the strike action disrupted LPG loading and distribution for several days, creating an artificial price increase.

He, however, reassured Nigerians that the situation is being stabilized and prices are expected to ease as operations return to normal.