“The Facility Is Ready”: NNPC Opens New Filling Station for Nigerians to Buy Fuel Priced at N200
- NNPCL has commissioned a new Compressed Natural Gas filling plant in Lagos to serve the people
- The plant is expected to service over 3,700 cars and 600 trucks daily that are running on CNG, an alternative to petrol
- President Tinubu's administration has intensified efforts to get more Nigerians to use CNG-powered vehicles
Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
The Nigerian National Petroleum Company Ltd (NNPCL) has decided to open a new gas station in Lagos specifically for Compressed Natural Gas (CNG) vehicles.
The new station is expected to service over 3,700 cars and 600 trucks daily that have been converted to run on CNG.
Source: Getty Images
NNPC's executive director speaks
Speaking on the new gas station, Kayode Opeifa, the executive director of the Centre for Sustainable Mobility/Access Development (MenSMAD), said the gas infrastructure will be a 5.2 million standard cubic feet plant around the gas hub in Ilasamaja, Lagos state.
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He said:
"The NNPC, in partnership with Transit Gas Nigeria Limited (TGNL), will commission a 5.2 million standard cubic feet plant on May 30, 2024, around the gas hub in Ilasamaja.
"The facility is ready and will include two key components: a compression plant and a dispensing outlet. The compression plant will compress natural gas (CNG) to increase its value, while the dispensing outlet will allow CNG vehicle owners to refuel.
"In addition to vehicle refueling, the plant will enable the purchase of compressed gas in bottles or tubes for industrial production. It can service approximately 3,700 cars or 600 trucks daily.
"Unlike traditional plants, this state-of-the-art facility will feature multiple dispensing sets for cars, trucks, and buses, allowing for the rapid servicing of many vehicles within a short period."
The price of CNG
CNG is a fuel gas under pressure that remains clear, odourless and non-corrosive. It is an alternative to petrol.
According to Nagendra Verma, the managing director of NIPCO Gas, AutoGas for cars, taxis and tricycles is being sold at about N200 per standard cubic foot, while for heavy commercial vehicles, CNG is sold at N260 per standard cubic meter (SCM).
Filling stations sell petrol at new prices
Earlier, Legit.ng reported that several filling stations nationwide have adjusted their pump prices due to the scarcity.
In Lagos, some filling stations sell at N650 per litre, while in states such as Abia, it costs N700 to N750 per litre.
The scarcity is even worse in the northern part of the country, with reports of the black market selling a litre of fuel for as high as N2,000.
Proofread by Kola Muhammed, journalist and copyeditor at Legit.ng
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Source: Legit.ng
