Nigerians may soon see relief at the pump as cooking gas prices are expected to fall following the resolution of a strike that disrupted supplies nationwide.
The Nigerian National Petroleum Corporation (NNPC) has confirmed that the recent price surge was triggered by a work stoppage by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), which halted loading and distribution at major facilities.
NNPC Group Chief Executive Bayo Ojulari explained the situation after meeting with President Bola Tinubu.
He said the strike created a two-to-three-day delay in gas movement, causing an artificial shortage that pushed prices up across the country.
“Now that things are back to normal, prices should return to what they were before the strike,” Ojulari told reporters at the State House.
But the strike wasn’t the only culprit. Ojulari pointed out that some retailers exploited the shortage by inflating prices beyond reasonable levels, making the situation worse for consumers.
To address this, NNPC says it’s tightening monitoring and enforcement to prevent price gouging and keep cooking gas affordable for Nigerian households.
The Dangote Refinery, which was also affected by the strike, has resumed operations after the Dangote Group reached an agreement with the federal government.
This restart is already helping to ease supply constraints and improve availability.
Ojulari urged Nigerians to be patient as the market stabilizes, assuring them that the price spike was temporary and largely behind us.
