The Group Chief Executive of the Nigerian National Petroleum Company Limited, Mr Bayo Ojulari, 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.
Ojulari said this while speaking to State House correspondents, after a meeting with President Bola Tinubu.
According to the NNPC boss, the industrial action halted operations for several days and produced an artificial spike in prices.
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The price surge followed the PENGASSAN industrial action, which was launched over the dismissal of Nigerian workers at the Dangote Refinery and suspended on October 1 after federal government intervention.
Ojulari also accused opportunistic retailers of exploiting the shortfall to hike prices.
He, however, assured Nigerians that as supply chains stabilize, the cooking gas price is expected to ease in the coming weeks.
