The Group Chief Executive of the Nigerian National Petroleum Company Limited, Mr Bayo Ojulari, while speaking to State House correspondents on Sunday, has blamed the recent rise in cooking-gas prices on a temporary disruption to loading and distribution during the strike by the Petroleum and Natural Gas Senior Staff Association of Nigeria.
According to him, the industrial action halted operations for several days and produced an “artificial” spike in prices.
Ojulari said, “The increase you saw was relatively artificial because for the period of the strike, movements and loading were delayed by about two, three days,” he said. “And because of that, you see that impact. As things return back to normal, it takes some time for distribution to be fully restored.
He, however, assured Nigerians that as supply chains stabilise, the cooking gas price is expected to ease in the coming weeks.
“My expectation is that now that things are back to normal, prices should return to what they were before the strike,” he said.
