Autogas: Vehicle owners to pay N250,000 for conversion, says FG

Autogas: Vehicle owners to pay N250,000 for conversion, says FG

- Nigerian car owner will have to pay for the conversion of their cars to autogas

- This was revealed on Wednesday, December 2, by the Ministry of State for Petroleum

- The ministry disclosed that vehicle owners will pay as high as N250,000 or more, depending on the number of cylinders, for the process

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Contrary to the claim by the National Petroleum Corporation (NNPC) that 1 million cars will be converted to autogas for free, the federal government has stated that the conversion will be at the cost of N200,000 to N250,000.

This was disclosed by Justice Derefaka, the technical adviser on gas business and policy implementation to Timipre Sylva, the minister of state for petroleum, Channels TV reports.

Derefaka went on to explain that there will be various payment plans for all vehicle owners.

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Autogas: Vehicle owners must pay N250,000 for conversion, says FG
The federal government revealed that vehicle owners must pay N250,000 for conversion to autogas (Photo: @HETimipreSylva)
Source: Twitter

He clarified:

“The cost varies. So, in terms of cost implication, it depends on the cylinder of the vehicle and of course, for a typical SUV cylinder, it is a bit higher but on the average, it is around N200,000 to N250,000 and this is for a four-cylinder vehicle but it becomes a little bit higher for a six-cylinder SUV vehicle.”

He added that the payment for the conversion can be done within a period of five to seven months if the owner in question cannot pay at once.

Based on this, Derefaka stated that this is less expensive to the option of petrol as it helps car owner to save about 40 to 50 percent of their money.

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Meanwhile, the presidency revealed its plan to unveil the Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) options for fuel to Nigerians as a way of cushioning the harsh economic effect of the petrol price hike.

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This planned move from the federal government was disclosed by Laolu Akande, a media aide to Vice President Yemi Osinbajo, who noted that this is part of President Muhammadu Buhari's Economic Sustainability Plan (ESP).

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Source: Legit

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