Dangote Refinery slashes Gas price to N760 per kilo

The Dangote Refinery has reduced the ex-depot price of cooking  gas from N810 to N760 per kilogramme.

This just as the independent marketers increased the price of the same gas some days ago.

The latest adjustment makes Dangote’s Liquefy Petroleum Gas, LPG, the cheapest in the domestic market.

Industry observers say the price reduction marks a strategic attempt by the refinery to stabilize the market and ease pressure on consumers after weeks of scarcity and sharp price spikes that pushed the 12.5kg cylinder refill to as high as N30,000 in some cities.

Marketers and retailers are expected to start responding to the new pricing structure, with expectations that retail costs could drop further if consistent supply from the refinery is maintained.

The price cut also signals increasing competition among depot operators.