The Group Chief Executive of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari, has attributed the recent scarcity and price hike of cooking gas to a temporary disruption caused by the strike action of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN).
According to him, the industrial action had halted operations for several days and produced an “artificial” increase in prices.
Cooking gas prices skyrocketed across Nigeria, with Lagos residents paying between N2,500 and N3,000 per kilogramme.
Ojulari accused opportunistic retailers of exploiting the shortfall to hike prices, further worsening the hardship for consumers.
The NNPCL CEO assured Nigerians that as supply chains stabilised, the cooking gas price is expected to ease in the coming weeks.
The NNPCL CEO reaffirmed the company’s commitment to ensuring stable supply and pricing of petroleum products across the country, assuring consumers that measures were in place to prevent future disruptions.
The strike was initiated by PENGASSAN over the alleged dismissal of Nigerian workers by the Dangote Refinery but was suspended on October 1 following the Federal Government’s intervention.
