Cooking gas prices are declining across Nigeria after Dangote Refinery and major depot owners cut wholesale rates, offering relief to consumers who have faced persistent cost increases.
A market survey indicates Dangote Refinery reduced its liquefied petroleum gas gantry price by N30 to N950 per kilogram. In response, depot operators including 11PLC, NAVGAS, Ranoil and the Pipelines and Product Marketing Company lowered ex-depot prices to between N955 and N960 per kilogram, representing reductions of N15 to N30 per kilogram.
The wholesale adjustments are filtering through to retail outlets. Filling stations operated by Ranoil, the Nigerian National Petroleum Company and Shafa are now selling cooking gas between N1,300 and N1,450 per kilogram. However, other retailers in Abuja and surrounding areas continue to charge N1,500 per kilogram.
The price movement follows a dramatic surge in cooking gas imports, which jumped 1,400 percent in June according to data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority. The import spike highlighted supply pressures that had kept prices elevated despite growing domestic production capacity.
Industry observers note the coordinated price reduction suggests improved supply dynamics from Dangote Refinery’s expanded operations. The facility’s ability to influence benchmark pricing marks a structural shift in Nigeria’s LPG market, which has historically relied heavily on imports.
Retail price convergence remains uneven across regions, with Abuja retailers maintaining higher margins. Market analysts expect further adjustments as the new wholesale rates work through distribution chains, though transportation costs and foreign exchange volatility continue to create regional disparities.
The development represents a potential turning point for household energy affordability in Africa’s largest Economy, where cooking gas adoption has been constrained by price volatility.