The recent increase in cooking gas prices has been attributed by Mr. Bayo Ojulari, Group Chief Executive of the Nigerian National Petroleum Company Limited, to a brief interruption in loading and distribution during the Petroleum and Natural Gas Senior Staff Association of Nigeria strike.
Speaking to State House reporters on Sunday following a meeting with President Bola Tinubu, Ojulari made this statement.
The head of NNPC claims that the strike caused a “artificial” price increase and stopped operations for a few days.According to him, “the increase you saw was relatively artificial because movements and loading were delayed by about two, three days during the strike period.” And as a result, you observe that effect. It takes some time for distribution to fully recover as things settle back to normal.People in Nigeria, as you are aware, seize opportunities. Some of the people who had reserves and resources have had to pay the price for such delay.
“Now that things are back to normal, I expect prices to go back to where they were before the strike,” he stated.
According to Ojulari, supply bottlenecks have started to lessen as a result of the Dangote Group’s commitment to redeploy impacted employees and the restart of operations.
