NNPCL Links Surge in Cooking Gas Prices to PENGASSAN Industrial Action

The recent increase in the cost of cooking gas, or liquefied petroleum gas (LPG), has been ascribed by Bayo Ojulari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), to the Oil and Gas Senior Staff Association of Nigeria’s (PENGASSAN) industrial action.

According to reports, Ojulari told State House media on Sunday after meeting with President Bola Tinubu that the strike had caused a fictitious price spike by interfering with loading and distribution for a number of days.

On the other hand, Ojulari promised Nigerians that the rise will soon subside as things return to normal.

He claimed that because loading and movements were delayed by two or three days during the strike, the rise you observed was largely fictitious. You see that influence as a result of that. The entire restoration of distribution takes time as things settle back down to normal.

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He also said that some retailers were exploiting the interruption.

Ojulari went on to say, “You know, people in Nigeria take advantage of opportunities. Some of the individuals who had reserves and resources have had to pay the price for such delay. With everything returning to normal, I anticipate that prices will revert to their pre-strike levels.

According to what was understood, the raise came after PENGASSAN’s walkout over the Dangote Refinery’s termination of Nigerian workers. Following intervention by the federal government, the action that had halted operations across the country was suspended on October 1.

In order to resume regular operations, the Dangote Group subsequently consented to redeploy the impacted employees.