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

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

Despite this significant price drop, many retailers across the country continue to sell cooking gas for over ₦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 underscores what many industry analysts call a “clear sign of market manipulation.”

One analyst noted:

“Dangote’s post-maintenance price cut shows intent not only to restore supply volumes but to discipline pricing across the domestic LPG market. The middlemen are making more profit than the refiner, who buys Nigerian crude at a premium.”

Public reaction has been swift. 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 also argue that if Dangote were to bypass middlemen entirely — for example, by importing LPG trucks to distribute directly to consumers — critics would accuse him of creating a monopoly.

For now, the refinery’s price slash stands as the cheapest ex-depot rate in Nigeria, a move that could force other depots and retailers to lower their prices or risk losing market share.

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