Dangote Refinery has once more reduced the ex-depot price of its Cooking Gas, decreasing it from ₦810 per kilogram to ₦760 per kilogram.
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 underscores 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.If You’re Reading From Phoenix Click On Read Original at the top To Read Full Article
“Dangote’s post-maintenance price cut shows intent, not only to restore volumes but to realign pricing discipline in the domestic LPG market,” an industry analyst said.
𝗙𝗼𝗹𝗹𝗼𝘄 𝗢𝘂𝗿 𝗪𝗵𝗮𝘁𝘀𝗔𝗽𝗽 𝗖𝗵𝗮𝗻𝗻𝗲𝗹 𝗧𝗼 𝗚𝗲𝘁 𝗟𝗮𝘁𝗲𝘀𝘁 𝗡𝗲𝘄𝘀 𝗔𝘀 𝗜𝘁'𝘀 𝗗𝗿𝗼𝗽!
