Move expected to ease inflationary pressures on households and traders across Nigeria
In a development with significant implications for household budgets and industrial users, the Dangote Refinery has announced a reduction in its ex-depot cooking gas price, lowering it from ₦810 per kilogram to ₦760 per kilogram. The move has been welcomed by market stakeholders who see it as a relief measure in the face of rising living costs and supply chain pressures.
Industry analysts suggest the revision in pricing may have been triggered by adjustments in feedstock costs, improved operational efficiencies, or shifts in global gas markets. The refinery’s decision is likely to influence downstream distributors and may result in gradual reductions in retail prices as margins are adjusted to reflect the lower base cost. Many expect that within weeks, end consumers may benefit directly, particularly in major urban centers.
Traders, especially those operating in densely populated areas, expressed cautious optimism. Some noted that if the price drop is passed down in full, it could help sustain demand and reduce the burden that current inflation places on cooking gas expenditure. However, some others remain skeptical, warning that intermediary handling fees and transport costs might dilute the benefit of the ex-depot reduction.
Consumers — particularly low- and middle-income households — are watching closely. In a country where energy and utility costs already strain budgets, any easing is welcome. Should the price cut be honored across the supply chain, it could provide temporary relief in the broader push to stabilize utility and commodity costs nationwide.
0 Comments