News

The Dangote Petroleum Refinery has further lowered the ex-depot price of Liquefied Petroleum Gas, LPG, reducing it from ₦810 to ₦760 per kilogram in a move that is reshaping Nigeria’s domestic gas market.


The latest cut positions Dangote as the most competitive supplier, offering prices far below those of other major depots.

Currently, Matrix and Ardova depots sell at ₦920/kg, while A.Y.M Shafa and NIPCO charge ₦910/kg. Stockgap Depot remained the highest at ₦950/kg. This creates a price gap of ₦150 to ₦190 per kilogram between Dangote and its competitors.


Industry watchers view this development as part of a broader strategy by Dangote Refinery to stabilize market pricing, discouraged arbitrary price hikes, and make cooking gas more affordable for Nigerian households.


An energy analyst noted that, the refinery’s move signals its intention to exert long-term influence on the market. “Dangote’s post-maintenance price cut shows intent — not only to boost supply volumes but also to enforce pricing discipline across the domestic LPG market,” the analyst said.


The adjustment added to a series of price reductions in recent weeks, underscoring the refinery’s growing impact on the downstream energy sector and its commitment to easing household energy costs nationwide.

Culled/Taiwo Akinola


Economy

Report at our disposal indicates that a section of Dangote Refinery located in Ibeju-Lekki, Lagos State, was on Wednesday gutted by fire.

In a trending video, our correspondent saw a cloud of thick smoke billow into the sky from the facility.

A section of Dangote refinery in flames. Source: X

The sound of an explosion could also be heard in the video.

The cause of the fire is, however, yet unknown as of the time this report was filed.

According to Punch, the Group Chief Branding & Communications Officer, Dangote Industries Limited, Anthony Chiejina, confirmed the fire incident.

A section of Dangote refinery in flame. Source: X

We have swiftly contained a minor fire incident at our effluent treatment plant (ETP), today Wednesday 26th of June,” he said.