This post was originally published on this site.
Cooking gas depot prices dropped by up to N7 per kilogram as major LPG marketers adjusted their wholesale ratesPPMC recorded the steepest cut, lowering its price to N1,010/kg, while Matrix Warri was the only marketer to raise its rateIndustry observers say sustained depot price reductions could push retail refill costs lower for Nigerian households
Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
Liquefied Petroleum Gas (LPG) marketers have slashed depot prices, offering distributors lower wholesale rates and raising expectations that cooking gas refill costs could ease for Nigerian consumers in the weeks ahead.
Fresh market data shows that PPMC recorded the sharpest reduction, cutting its depot price by N7 per kilogram to N1,010/kg, a 0.69% decline from the previous rate of N1,017/kg.
Cooking gas dealers get relief as wholesale LPG prices decline at major depots Photo: FreepickSource:
