Dangote Refinery has reduced its ex-depot price for Liquefied Petroleum Gas (LPG), commonly known as cooking gas, by ₦50.
News360 Info understands Dangote lowered its price from ₦810 per kilogram, which was obtainable last week, to a current price of ₦760 per kilogram.
A market comparison shows that both Matrix and Ardova depots have set their price at ₦920 per kilogram. A.Y.M Shafa and NIPCO provide their LPG at ₦910 per kilogram, while Stockgap Depot charges a price of ₦950 per kilogram.
As it stands, Dangote’s rate at ₦760/kg offers the cheapest price in the local market, with the prices of other suppliers ranging between ₦910 and ₦950/kg.
The development comes at a time when the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari, attributed the recent spike in the price of liquefied petroleum gas (LPG), also known as cooking gas, to the industrial action by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN).
News360 Info reports that Ojulari, who spoke with State House correspondents on Sunday after visiting President Bola Tinubu, stated that the strike had disrupted loading and distribution for several days, resulting in an artificial surge in prices.
Ojulari, however, assured Nigerians that the surge would soon ease as normalcy returns.
