NNPC Boss Reveals Truth Behind Cooking Gas Price Surge; Blames Retailers
NNPC's Bayo Ojulari explained the surge in cooking gas prices to N3,600 per kg, attributing it to a temporary distortion caused by an industrial strike and opportunistic retailers. The strike by PENGASSAN disrupted supply lines, leading to price hikes.
Ojulari accused gas marketers of deliberately increasing prices post-strike, causing public panic. Industry experts noted speculative behavior in Nigeria's energy market.
The NNPC CEO emphasized the need for market stabilization. Source: [Include source name].
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