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Dangote marketers have reduced the depot price of cooking gas to N985/kg, below prevailing market ratesThe new price is N45/kg lower than the average depot price and could trigger fresh LPG price cuts nationwideIndustry players expect lower depot prices to filter through the supply chain, easing retail cooking gas costs for 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.
Dangote marketers have reduced the selling price of Liquefied Petroleum Gas (LPG), popularly known as cooking gas, to N985 per kilogram, making them the cheapest suppliers in Nigeria’s depot market and intensifying competition among major LPG marketers.
The latest adjustment is N45 per kilogram lower than the average depot price of N1,030/kg quoted by major marketers and N65/kg below the highest market price of N1,050/kg.
Dangote marketers beat competitors with a N985/kg cooking gas depot price, increasing
