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NNPC links PENGASSAN strike to cooking-gas price spike

The recent rise in the price of kitchen gas was due to a short-term problem with loading and distribution caused by the strike by the Petro...

NNPC links PENGASSAN strike to cooking-gas price spike


The recent rise in the price of kitchen gas was due to a short-term problem with loading and distribution caused by the strike by the Petroleum and Natural Gas Senior Staff Association of Nigeria, according to Mr Bayo Ojulari, the Group Chief Executive of the Nigerian National Petroleum Company Limited.

After talking with President Bola Tinubu on Sunday, Ojulari told reporters at the State House that this was what he thought. The head of the NNPC said that the strike stopped work for several days and caused prices to rise "artificially."

He told them, "The increase you saw was pretty fake because movements and loading were held up for about two or three days during the strike." "And that's why you see that effect." It takes a while for distribution to fully return to normal once things are back to normal. The price increase happened after the PENGASSAN strike, which was started because Nigerian workers at the Dangote Refinery were fired. The strike was put on hold on October 1 after the federal government stepped in. Ojulari also said that greedy stores were taking advantage of the shortage to raise prices.

He did, however, reassure Nigerians that the price of cooking gas would go down in the coming weeks as supply lines became more stable.
"You already know that people in Nigeria seize chances." Because of the delay, some people who already had money and resources had to raise the price.

He said, "Now that things are back to normal, I think prices will go back to what they were before the strike."

Ojulari said that the Dangote Group's decision to reassign people who were hit and the start of operations again have helped to ease supply problems.

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