The Nigerian National Petroleum Company Limited (NNPCL) has attributed the recent scarcity and price hike of cooking gas to the strike action by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN).
According to NNPC’s Group Chief Executive, Bayo Ojulari, the industrial action halted operations for several days, resulting in an “artificial” increase in prices.
Ojulari explained that the strike delayed movement and loading by about two to three days, impacting distribution and leading to price hikes.
He also accused opportunistic retailers of exploiting the shortfall to hike prices.
However, Ojulari assured Nigerians that prices are expected to ease in the coming weeks as supply chains stabilize.
Currently, cooking gas prices have skyrocketed across Nigeria, with Lagos residents paying between ₦2,500 and ₦3,000 per kilogram.
