The federal government through the Nigerian National Petroleum Company Limited is ramping up efforts to ensure the penetration of Compressed Natural Gas for powering vehicles nationwide, with the launching of 12 additional stations in Abuja and Lagos yesterday.
"It's already a work in progress, we will construct six CNG mother stations, spread across the country, between now and December, you will see this happen. With this in place, he stated that Nigerians will find it cheaper to fuel their cars, with CNG becoming an alternative to expensive petrol which currently sells for over N900 per litre in some states in Nigeria.
"CNG will be about 40 per cent cheaper than petrol in Nigeria, and with continued investments, it will become a significant part of our energy mix. In the next 12 months, NNPC Retail will have launched over 100 CNG sites," he stressed. "When you look at CNG on the other hand, to every car owner, if you move to CNG, at 250 litres of it, looking at the pricing today, between CNG and PMS , you'd be saving about N6 million per annum, from nowhere.