Dangote, 11 Plc slash cooking gas prices, LPG drops to ₦950/kg at depots

Dangote Refinery and 11 Plc have reduced liquefied petroleum gas (LPG) prices at their depots, with Dangote now selling at ₦950 per kilogramme and 11 Plc at ₦980 per kilogramme. The latest PetroleumPriceNG data shows Dangote's price dropped by ₦10, or 1.04 per cent, from its previous rate.

Depot prices fall

According to the data, 11 Plc also cut its LPG rate by ₦20, representing a 2 per cent decline. Its current price of ₦980 per kilogramme is ₦30 higher than Dangote's ₦950 per kilogramme. This highlights a growing price gap among major LPG suppliers.

Dangote's new rate places it among the lowest-priced major depots captured in the latest market update. The reduction could provide some relief for households and businesses that depend on cooking gas.

Mixed movement among suppliers

Not all depots recorded reductions. Rainoil Lagos is listed at ₦990 per kilogramme, unchanged from its previous level. PPMC is quoted at ₦980 per kilogramme, also unchanged. This means Rainoil remains ₦40 per kilogramme above Dangote, while PPMC's rate matches 11 Plc.

The clearly visible rates from the PetroleumPriceNG image are: Dangote ₦950/kg, down ₦10 or 1.04 per cent; Rainoil Lagos ₦990/kg, unchanged; 11 Plc ₦980/kg, down ₦20 or 2 per cent; and PPMC ₦980/kg, unchanged.

These figures point to a mixed movement in the LPG market rather than a uniform reduction across every depot. While Dangote and 11 Plc have lowered their rates, Rainoil Lagos and PPMC have held their prices. The downward adjustments could intensify competition among suppliers, particularly if other depots follow.

What it means for consumers and the naira

LPG depot prices vary significantly between suppliers and locations, making wholesale movements an important indicator for consumers and dealers. The key question is whether the latest depot reductions translate into cheaper retail cooking gas prices in the coming days. Dealers typically factor in transportation, operating costs and local market conditions before setting final selling prices.

For now, Dangote's ₦950 per kilogramme rate is the cheapest among the four clearly visible depots, while Rainoil Lagos records the highest at ₦990 per kilogramme. A market survey earlier reported that retail cooking gas prices have dropped over the past three weeks, with some outlets selling as low as ₦1,200 per kilogramme compared with about ₦1,450 per kilogramme in recent weeks.