The Nigerian National Petroleum Company Limited (NNPCL) has attributed the recent increase in the price of liquefied petroleum gas (LPG), commonly known as cooking gas, to the industrial action by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN).
Speaking to journalist after a visit to President Bola Tinubu, NNPCL Group Chief Executive Officer, Bayo Ojulari, explained that the strike disrupted loading and distribution for several days, leading to a temporary spike in prices.
Ojulari assured Nigerians that the situation would soon normalize as operations have resumed.
“The increase you saw was relatively artificial because, during the strike, movement and loading were delayed by about two to three days. As things return to normal, it will take a little time for distribution to stabilize,” he said.
He also noted that some retailers took advantage of the disruption to increase prices but expressed optimism that prices would soon return to their previous levels.
The strike by PENGASSAN, which was in protest against the dismissal of Nigerian workers by the Dangote Refinery, was suspended on October 1 following government intervention. Normal operations have since resumed after the affected workers were redeployed.
