The latest depot price data from PetroleumPriceNG shows Dangote Refinery now sells liquefied petroleum gas (LPG), or cooking gas, at ₦950 per kilogramme, a ₦10 reduction (1.04%) from its previous rate. 11 Plc also cut its price to ₦980 per kilogramme, down ₦20 (2%), while Rainoil Lagos and PPMC held steady at ₦990/kg and ₦980/kg respectively.
Dangote and 11 Plc Lead Price Cuts
According to the PetroleumPriceNG tracker, Dangote's new rate places it among the lowest-priced major depots. The ₦10 reduction from its prior price represents a 1.04% decline. This move could offer some relief to households and businesses that rely on cooking gas for daily use.
11 Plc followed suit, lowering its LPG price by ₦20 to ₦980 per kilogramme, a 2% drop. The gap between Dangote and 11 Plc now stands at ₦30 per kilogramme, with Dangote cheaper. This price difference highlights growing competition among major suppliers in the Nigerian LPG market.
Rainoil and PPMC Hold Prices Unchanged
Not all depots reduced rates in this update. Rainoil Lagos is listed at ₦990 per kilogramme, unchanged from its previous level, showing a ₦0.00 movement (0.00%). Similarly, PPMC is quoted at ₦980 per kilogramme, also unchanged, with a ₦0.00 movement and 0.00% change.
This means Rainoil Lagos remains ₦40 per kilogramme above Dangote's price, while PPMC matches the current rate at 11 Plc. The latest figures point to a mixed movement in the LPG market rather than a uniform reduction across every depot.
Latest LPG Depot Rates and Market Impact
Based on the PetroleumPriceNG image, the clearly visible rates are: Dangote at ₦950/kg (down ₦10 or 1.04%), Rainoil Lagos at ₦990/kg (unchanged), 11 Plc at ₦980/kg (down ₦20 or 2%), and PPMC at ₦980/kg (unchanged). These figures show that while Dangote and 11 Plc have lowered their rates, Rainoil Lagos and PPMC maintained their previous prices.
The downward adjustments could intensify competition among suppliers, particularly if other depots follow the reductions. Recent LPG market data also shows that depot prices can vary significantly between suppliers and locations, making wholesale price movements an important indicator for consumers and dealers.
For households, the key question will be whether the latest depot reductions translate into cheaper retail cooking gas prices in the coming days. Dealers typically factor in transportation, operating costs, and local market conditions before determining their final selling prices.
For now, Dangote's ₦950 per kilogramme rate is the cheapest among the four clearly visible depots in the update, while Rainoil Lagos records the highest at ₦990 per kilogramme. Legit.ng earlier reported that Nigeria's cooking gas market is witnessing a fresh wave of price reductions, with retail prices dropping to as low as N1,200 per kilogram in some areas, compared to about N1,450 per kilogram in recent weeks, according to a market survey by Legit.ng.
