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Posted By Admin On September 13th, 2024

In a strategic move to reduce fuel costs and provide Nigerians with an affordable alternative to petrol and diesel, President Bola Tinubu has enabled Compressed Natural Gas (CNG) to be available for vehicles at N230 per litre.

This initiative provides a cheaper and cleaner alternative to petrol, which currently sells for over N900 per litre, reflecting the President’s commitment to lowering the cost of living and alleviating the pressures from petrol subsidy removal.

The Presidential Compressed Natural Gas Initiative (PCNGi), which was launched under President Tinubu’s directive, is set to deliver wide-reaching benefits to Nigerians by significantly cutting fuel costs.

The introduction of CNG as a fuel source aligns with the government’s drive towards energy diversification, and is designed to bring immediate relief to Nigerians, especially those who depend on transport for their livelihood.

As part of this initiative, President Tinubu has ordered one million free CNG conversion kits to be distributed to commercial vehicles involved in transporting people, food, and goods. These kits, along with free installation, will be rolled out over the next 18 months, helping the transport sector quickly transition to CNG and take advantage of the significantly lower fuel prices.

The distribution of these kits will be carried out in collaboration with key partners, ensuring nationwide accessibility.

Source: https://leadership.ng/fuel-to-sell-at-n230-per-litre-with-cng/