Ojulari also said that some stores were raising the price of cooking gas by taking advantage of the short-term supply problem. Group Chief...
Ojulari also said that some stores were raising the price of cooking gas by taking advantage of the short-term supply problem.
Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), Mr Bayo Ojulari, has talked about why the price of cooking gas has been going up across the country.
In a chat with State House letters, Ojulari said that the rise in the price of cooking gas was due to the fact that operations were temporarily slowed down by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) strike last week.
He said that the strike stopped moving and distributing goods for several days, which caused prices to go up more than they should have.
"The increase you saw was mostly fake because movements and loading were slowed down by two or three days during the strike." That's why you see that effect. It takes a while for distribution to fully return to normal once things are back to normal.
Ojulari also said that some stores were raising the price of cooking gas by taking advantage of the short-term supply problem.
"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.
Ojulari told the people of Nigeria that the price of cooking gas would go down in the coming weeks once supply lines were stable. He said, "Now that things are back to normal, I think prices will go back to what they were before the strike."
The price of cooking gas went up after PENGASSAN went on strike over the firing of Nigerian workers at the Dangote Refinery.