Cheaper Fuels Coming as FG Plans 9,000 Filling Stations For Autogas Co-Location

Cheaper Fuels Coming as FG Plans 9,000 Filling Stations For Autogas Co-Location

  • The Nigerian government has authorised over 9,000 fuel stations to begin dispensing autogas across the country
  • The Nigeria Institute of Transport Technology (NITT) disclosed this in a recent communique
  • It said some fillings stations in Nigeria had been designated as fit-for-purpose stations for autogas

According to the federal government, there are more than 9,000 licensed filling stations across Nigeria fit for co-location of facilities that dispense autogas fuel.

Autogas, gas stations
FG authorises OVER 9,000 autogas station Credit: pierrephoto
Source: Getty Images

The Nigerian government disclosed in a communique issued by the Nigerian Institute of Transport Technology (NITT) at the end of a stakeholders’ meeting the provision of a technical workforce and facility for developing and promoting autogas as a transport fuel in Nigeria.

Nigeria’s gas reserve is over 200 billion cubic feet

Punch reports that the conference revealed a need for choices for transportation fuels such as Liquified Natural Gas, Liquified Petroleum Gas, and Compressed Natural, also known as autogas, which could be used and accepted as an alternative automotive fuel.

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Per the communique, Nigeria’s gas reserves were about 209 trillion cubic feet, stating that gas production amounted to 8.15 to 8-35 billion standard cubic feet daily, enough for Nigeria.

FG licenses over 9,000 autogas stations nationwide

The NITT said more than 9,000 licensed retail outlets are categorized as fit-for-purpose dual-fuel vehicles in Nigeria.

The communique said:

“There are 50 conversion centers currently upgrading for mass conversion and training of technicians in the country. Auto assemblers are already producing fit-for-purpose dual-fuel vehicles in the country.

The document also disclosed that the government supported the availability of all autogas fuel streams and that adopting autogas technology was good for Nigeria.

The communique stated that the forum recommended that the Federal Ministry of Transportation collaborate with relevant stakeholders and the private sector to research, develop, and deploy autogas fuel in Nigeria.

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"We're 90% ready": Petrol marketers reveal plans to roll out cheap fuel at N100 per litre

Legit.ng reported that motorists and transport operators in Nigeria will witness relief soon after the Nigerian government ends the petrol subsidy, which caused a spike in the product's price across the country.

The national president of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Chinedu Okoronkwo, revealed that the association is 90% ready to roll out Compressed Natural Gas (CNG) as an alternative fuel, which would sell between N100 to N110 per litre before the end of June.

He stated this during an interview on Channels Television and stressed that CNG would serve as an alternative to petrol.

Source: Legit.ng

Authors:
Pascal Oparada avatar

Pascal Oparada (Business editor) For over a decade, Pascal Oparada has reported on tech, energy, stocks, investment, and the economy. He has worked in many media organizations such as Daily Independent, TheNiche newspaper, and the Nigerian Xpress. He is a 2018 PwC Media Excellence Award winner. Email:pascal.oparada@corp.legit.ng