Independent African news, markets, culture and politics.
Media Talk Africa Live rates
2 min read

NNPCL blames strike for cooking gas price hike

The Nigerian National Petroleum Company Limited (NNPCL) has linked the recent surge in cooking‑gas prices to a temporary disruption in […]

Why cooking-gas price increased - NNPC

The Nigerian National Petroleum Company Limited (NNPCL) has linked the recent surge in cooking‑gas prices to a temporary disruption in loading and distribution caused by the strike of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN). Group Chief Executive Bayo Ojulari explained that the industrial action halted operations for several days, creating an artificial spike in prices. The strike, launched in protest of the dismissal of Nigerian workers at the Dangote Refinery, was suspended on 1 October after federal government intervention. This disruption delayed the movement and loading of cooking gas, pushing prices higher for consumers.

Ojulari emphasized that the price increase is temporary and will ease as supply chains return to normal. He assured Nigerians that cooking‑gas prices are expected to stabilize in the coming weeks once distribution networks are fully restored. The company is working to normalize the supply chain, which should lead to a reduction in prices. The recent hike has affected many households that rely on cooking gas for daily needs, so the anticipated easing will be a welcome relief.

The PENGASSAN strike was a significant development in Nigeria’s oil and gas sector, underscoring the importance of industrial relations and the potential impact of supply‑chain disruptions. Federal intervention helped prevent further sectoral disruption, and the suspension of the strike has paved the way for a return to normal operations. As the sector continues to evolve, stable industrial relations and efficient supply‑chain management remain crucial. This experience serves as a reminder that maintaining a functional supply chain is essential to ensure consumers have access to essential products at affordable prices. With the supply chain expected to normalize in the coming weeks, Nigerians can look forward to a more stable cooking‑gas market.

Ifunanya

Unearthing the truth, one story at a time! Catch my reports on everything from politics to pop culture for Media Talk Africa. #StayInformed #MediaTalkAfrica

Comments are closed for this story.

Scroll to Top