Dangote Slashes Cooking Gas Price to ₦760/kg — Exposes Marketers Over Price Fixing and Profiteering

 

Despite Dangote’s price reduction to ₦760/kg, gas marketers continue selling at over ₦1,000/kg, triggering outrage and renewed calls for government intervention.

In a bold move aimed at reshaping Nigeria’s domestic gas market, the Dangote Petroleum Refinery has once again lowered the ex-depot price of Liquefied Petroleum Gas (LPG) — popularly known as cooking gas — from ₦810 per kilogram to ₦760 per kilogram.

However, despite this significant price cut, many retailers across the country still sell cooking gas above ₦1,000 per kilogram, sparking widespread criticism over alleged collusion among marketers to keep prices artificially high.

According to reports, Dangote Refinery currently offers the lowest price in the market, while competitors such as Matrix and Ardova depots sell at ₦920/kg, A.Y.M Shafa and NIPCO at ₦910/kg, and Stockgap Depot at a steep ₦950/kg. The ₦150–₦190 per kg difference has been described by industry analysts as a “clear indication of market manipulation.”

An industry analyst stated:

“Dangote’s post-maintenance price reduction reflects a clear intention not only to restore supply volumes but also to enforce fair pricing across the domestic LPG market. The middlemen are currently earning more profit than the refiner, who buys Nigerian crude at a premium.”

Dangote’s price slash sparks outrage as marketers resist price drop despite local supply.

Public reaction has been swift and intense. Many Nigerians on social media have accused marketers of profiteering at the expense of consumers, while others have urged the Federal Competition and Consumer Protection Commission (FCCPC) to investigate possible price-fixing cartels in the gas supply chain.

Some observers also note that if Dangote were to bypass middlemen — for instance, by importing LPG trucks to distribute directly to consumers — critics might accuse him of attempting to create a monopoly.

For now, the refinery’s ₦760/kg price slash remains the lowest ex-depot rate in Nigeria, a move that could pressure other depots and retailers to reduce their prices or risk losing market share.

As the price war intensifies, consumers are eagerly waiting to see whether the new ₦760/kg benchmark will bring real relief at the cylinder level — or if Nigerians will continue paying inflated prices despite local production.

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