• About Us
  • Contact
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Editorial Charter
  • Corrections Policy
  • Sitemap
Freelanews
Advertisement
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
Freelanews
No Result
View All Result
Home Business & Finance Business

PENGASSAN Strike Sparks Cooking Gas Crisis: NNPC Reveals Supply Disruptions and Price Surge to ₦2,000/kg

AbdulBasit Saba by AbdulBasit Saba
October 6, 2025
in Business, Energy, Lifestyle
0 0
0
4740288 as jpege84ae3ac4f2464f8ffb6785a9b56a1de
thenacre-campaign

Nigeria’s energy sector is reeling from the aftermath of a disruptive strike by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), which has led to a sharp hike in liquefied petroleum gas (LPG) prices, commonly known as cooking gas—reaching up to ₦2,000 per kilogram in some areas, as confirmed by the Nigerian National Petroleum Company (NNPC) Limited, exacerbating the financial strain on households already battling inflation and rising living costs.

What caused this escalation? The price surge stems directly from the PENGASSAN strike, which halted operations at key gas facilities, delayed loadings and movements by two to three days, and created artificial shortages that retailers exploited by inflating costs on existing stocks, according to Bayo Ojulari, Group Chief Executive Officer of NNPC Limited. Who is affected? Everyday Nigerians, particularly women and low-income families in regions like the Southwest, where retail prices jumped from around ₦1,300-₦1,500 per kg pre-strike to as high as ₦3,200 per kg in some markets, forcing many to resort to costlier alternatives like firewood or charcoal amid broader economic pressures. When did the crisis unfold? The strike began on September 29, 2025, shutting down major institutions including NNPC, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), and was suspended on October 1 following federal government intervention, but the ripple effects on supply chains persist, with prices refusing to drop immediately.

Where has the impact been most severe? The Southwest region bore the brunt due to the shutdown of key gas plants, compounded by maintenance delays at the Dangote Refinery and importers holding back amid competitive pricing issues, leading to scarcity that drove up costs nationwide, though supply remains relatively stable in the South-South and East. Why did the strike happen? It was triggered by the alleged unlawful dismissal of about 800 Nigerian workers at the Dangote Petroleum Refinery, prompting PENGASSAN to halt crude oil and natural gas supplies, ramp down production at international oil companies, and disrupt power generation, resulting in significant revenue losses for NNPC estimated at 283,000 barrels of oil per day (kbopd), 1.7 billion standard cubic feet per day (bscfd) of gas, and over 1,200 MW of power in the first 24 hours alone. How is the situation being addressed? NNPC’s Ojulari, speaking after visiting President Bola Tinubu at the State House, assured that as operations normalize post-suspension, distribution will fully restore and prices should revert to pre-strike levels soon, while the National Association of Liquefied Petroleum Gas Marketers (NALPGAM) echoed that scarcity would ease within days, urging patience amid ongoing vessel delays from NLNG and calls for government intervention to stabilize the market.

The strike’s broader fallout included stalled cargo loadings at terminals like Brass, missed liftings, and threats to fuel supply and power generation, with marketers warning of potential nationwide disruptions that could worsen scarcity and push petrol prices higher. Public outcry on social media has been vocal, with users decrying the “Dangote vs. PENGASSAN war” for hitting ordinary citizens hardest, questioning when relief will come as families stretch budgets for basic cooking needs. Industry stakeholders, including NALPGAM President Olatunbosun Oladapo, attribute the lingering high prices to the strike’s crippling effect on Southwest operations and advise against panic buying, while experts call for stronger regulatory measures to prevent future disruptions in Nigeria’s volatile energy sector. As the federal government continues mediation efforts between PENGASSAN and Dangote Refinery, the incident underscores the fragility of supply chains and the urgent need for labor harmony to shield consumers from the cascading effects of industrial actions in an economy still recovering from subsidy removals and global shocks

Source: Read more at thisdaylive.com

Perfect-Aesthetic-social-1
Saba AbdulBasit
AbdulBasit Saba

AbdulBasit Saba is a journalist and contributor to Freelanews.com, covering news, business, and public affairs.

adron lemon friday

Also read

  • Edo Air: Okpebholo signs deal to launch state airline
  • FG boosts Zamfara power access with 36 solar mini-grids

Related Posts

Lagos indoor smoking enforcement
Environment

Lagos penalizes 580 restaurants, nightclubs over indoor smoking violations

by Peculiar Adirika
May 22, 2025
Aso Rock solar panel installation
Sustainability

Reno Omokri defends solar panel installation at Aso Rock as economic, environmental milestone

by Quadri Olaitan
April 22, 2025
untitled 31
Business

‘With immediate effect!’ Niger Insurance, Standard Alliance Insurance operational licenses revoked

by Freelanews
June 28, 2022
KAILONDO PS
Business

‘Lack of trust’ Defendants in hot soup in new Kailondo US$930K theft case charge

by Freelanews
September 23, 2021
JMG
Business

JMG, Trane push energy-smart air conditioning in Nigeria

by David Okere
September 24, 2026

Leave a Reply Cancel reply

Tiktok Community

You're not logged into Tiktok, please login here
UBA bank ad UBA bank ad UBA bank ad

Recent News

images 2026 11 05T174435.394

Des Moines post office shooting injures three

November 5, 2026
TETFUND

TETFund explains criteria for selecting research projects

November 5, 2026
images 2026 11 05T173202.245

Russell Brand guilty of rape and assault

November 5, 2026
Adekambi

Oyo politics: Adekanmbi’s past fuels 2027 debate

November 5, 2026
  • Trending
  • Comments
  • Latest
N250k signature

Abiodun vs Amosun: N250k signature plot deepens Ogun political crisis ahead Tinubu visit

April 3, 2026
Omoge Saida

Omoge Saida sparks Nigerian social media over leaked video

October 28, 2025
#image_title

17 mobile money operator companies licensed by CBN in Nigeria

March 22, 2023
Australia

Ifeoma playfully reacts as Paul Okoye receives recognition in Australia

April 24, 2026
amoke

‘Meals by Amoke’ We serve traditional dishes in a modern way, Bukoye Fasola reveals

19
Image 2024 03 26 at 120645 AM jpeg

Charles Inojie, Ali Nuhu call on communities to #MakeWeHalla against domestic violence

11
Meran Primary Health Centre Lagos father Meran hospital

Lagos father shares heartbreaking experience at Meran Primary Health Centre (Photos)

4
fls2

‘Disarticulated system’ Gov’t confused about Nigerian education, expert laments

3
images 2026 11 05T174435.394

Des Moines post office shooting injures three

November 5, 2026
TETFUND

TETFund explains criteria for selecting research projects

November 5, 2026
images 2026 11 05T173202.245

Russell Brand guilty of rape and assault

November 5, 2026
Adekambi

Oyo politics: Adekanmbi’s past fuels 2027 debate

November 5, 2026
ADVERTISEMENT
November 2026
SMTWTFS
1234567
891011121314
15161718192021
22232425262728
2930 
« Oct    
Freelanews

Freelanews is a Nigerian digital news platform that delivers timely, credible, and engaging stories across politics, business, entertainment, lifestyle, and the creative industry, with a strong focus on promoting innovation, integrity, and inclusivity in storytelling.

Today’s Popular

  • Rotarian Victor Ojelabi

    Who is Rotarian Victor Ojelabi?

    0 shares
    Share 0 Tweet 0
  • ‘Breaking News’ Babatunde Omidina, Baba Suwe, is dead

    0 shares
    Share 0 Tweet 0
  • 17 mobile money operator companies licensed by CBN in Nigeria

    0 shares
    Share 0 Tweet 0
  • Dangote, 106 others get tax holiday over N2.5tn investments

    0 shares
    Share 0 Tweet 0

Just Published!

images 2026 11 05T174435.394

Des Moines post office shooting injures three

November 5, 2026
TETFUND

TETFund explains criteria for selecting research projects

November 5, 2026
images 2026 11 05T173202.245

Russell Brand guilty of rape and assault

November 5, 2026
Adekambi

Oyo politics: Adekanmbi’s past fuels 2027 debate

November 5, 2026
West hollywood

West hollywood approves legal registry for throuples

November 5, 2026
No Result
View All Result
  • About Us
  • Contact
  • Cookie Policy
  • Editorial Charter
  • Corrections Policy
  • Advertisement

© 2026 Freelanews | by Iretura.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events

© 2026 Freelanews | by Iretura.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.