Dangote Slashes LPG Price, Nigerians Expect Relief

Depot Price Drops to ₦985/kg, Raising Expectations of Cheaper Cooking Gas for Millions of Nigerians

ABUJA, Nigeria  Millions of Nigerian households could soon spend less on cooking gas after marketers affiliated with the Dangote Group reduced the depot price of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, to ₦985 per kilogram.

The latest reduction makes Dangote marketers the lowest-priced LPG suppliers in Nigeria’s depot market and is expected to intensify competition among other major marketers, potentially leading to lower retail prices across the country.

Industry stakeholders say the move could provide much-needed relief for consumers who have struggled with soaring cooking gas prices over the past several months.

Dangote Undercuts Competitors

With the new depot price of ₦985/kg, Dangote marketers are now selling cooking gas significantly below the prevailing market rates.

Current depot prices among other leading marketers include:

• Dangote Marketers: ₦985/kg
• NIPCO: ₦1,030/kg
• 11 Plc: ₦1,030/kg
• Ardova Plc: ₦1,030/kg
• Techno Oil: ₦1,030/kg
• Navgas: ₦1,050/kg
• Rainoil: ₦1,050/kg

The reduction places Dangote about ₦45 below the average depot price and ₦65 lower than the highest market price, increasing pressure on competitors to slash their own prices.

Consumers Could Soon Pay Less

Energy market analysts believe the lower depot price will gradually filter through the distribution chain, allowing retailers to reduce prices for end users.

If competing marketers respond by lowering their prices, Nigerians could once again begin purchasing cooking gas at around ₦1,000 per kilogram, compared to the much higher prices seen in recent months.

The development is expected to benefit:

• Households
• Restaurants
• Small businesses
• Food vendors
• Hotels
• Commercial kitchens

Many Nigerians rely on LPG as their primary cooking fuel, making any reduction in price a welcome relief amid the country’s high cost of living.

Price War Expands Beyond Petrol

The latest LPG price adjustment mirrors recent competition within Nigeria’s petroleum sector.

Over the past few months, fuel suppliers have repeatedly reviewed prices of:

• Premium Motor Spirit (Petrol)
• Diesel
• Aviation Fuel
• Cooking Gas

Industry observers say increased competition among marketers is gradually creating a more consumer-friendly pricing environment.

Cooking Gas Prices Remain High in Many States

Despite the latest depot reduction, retail prices continue to vary significantly across Nigeria.

According to the National Bureau of Statistics (NBS):

5kg Cooking Gas Cylinder

Highest Prices

• Lagos — ₦9,745.10
• Nasarawa — ₦9,451.70
• Bayelsa — ₦9,422.74

Lowest Prices

• Anambra — ₦7,204.76
• Ondo — ₦7,239.49
• Ogun — ₦7,825.75

12.5kg Cooking Gas Cylinder

Highest Prices

• Katsina — ₦25,596.71
• Kogi — ₦24,558.25
• Gombe — ₦24,438.97

Lowest Prices

• Ogun — ₦19,564.36
• Bauchi — ₦20,178.87
• Anambra — ₦20,511.90

Background

Cooking gas prices have remained volatile since late 2025 due to supply constraints, foreign exchange pressures and rising distribution costs.

Retail prices climbed sharply from about ₦1,000 per kilogram at the beginning of 2026 to between ₦1,500 and ₦1,700/kg by May. In some parts of Nigeria, consumers reportedly paid as much as ₦2,000–₦2,500/kg in June.

The latest reduction by Dangote marketers signals a potential turning point that could improve affordability if sustained across the industry.