CNG: FG Gives New Order to Filling Stations To Begin Sale of Fuel Priced at N200
- The federal government has ordered all filling station owners nationwide to begin the installation of CNG pumps
- Tinubu's government believes that the directive will give Nigerians better access to refill their vehicles for as low as N200
- The CNG fuel is considered as a cheaper alternative to Premium Motor Spirit, also known as petrol
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 government has ordered all oil marketers to commence the installation of Compressed Natural Gas (CNG) pumps at their filling stations across the country.
The directive aims to increase Nigerians' access to CNG as an alternative fuel source to petrol.
Source: Getty Images
The directive was issued by Farouk Ahmed, chief executive officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), at the 2024 OTL Africa Downstream Energy Week at Nigeria’s commercial capital.
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According to the NMDPRA, the new mandate will see most retail outlets install CNG add-ons, enabling them to service an expanding fleet of CNG-powered vehicles nationwide, BusinessDay reports.
He said:
“Most retail outlets would be required to install CNG add-ons to service the growing number of CNG vehicles nationwide."
Ahmed further emphasised that the NMDPRA is actively collaborating with stakeholders to accelerate CNG availability in line with the government's broader energy transition agenda.
Tinubu's government pushes for CNG adoption
Vanguard reports that the Tinubu-led administration has been pushing for Nigerians to embrace CNG to reduce dependence on petrol and curb fuel import costs.
President Bola Tinubu recently urged Nigerian motorists to buy petrol at N1000 or compressed natural gas at N200.
Addressing NIPCO's effort, he said CNG, being a cleaner and more affordable fuel, reduces the carbon footprint and saves consumers significant fuel costs.
Tinubu said:
"Nigeria’s motorists can buy petrol at N1,000 per litre or equivalent gas per Standard Cubic Meter at N200.
“We have also introduced incentives for commercial motorists to convert from petrol to gas ‘free of cost."
CNG: FG opens portal to convert cars
Earlier, Legit.ng reported that the federal government launched an application portal for Nigerians to convert their vehicles from petrol to CNG.
The National Orientation Agency, in a statement titled “Payment Plan to Make it Easier to Switch to CNG,” announced that Nigerians can apply via the portal to convert their vehicles to CNG and spread payments through monthly instalments.
The statement noted that there are flexible payment options and assured applicants of support throughout the process with chances of quick approval.
Proofreading by Nkem Ikeke, journalist and copy editor at Legit.ng.
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Source: Legit.ng
