NNPC Releases Locations of Filling Stations To Buy Fuel Priced at N200
- The Nigerian National Petroleum Company Limited has released a list of locations for its filling stations selling CNG
- The national oil company is encouraging more Nigerians to convert their vehicles from using petrol to CNG, believing it to be the future
- This switch helps vehicle owners save money while reducing emissions for the good of the environment
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 (NNPC) Limited has announced the locations of its following stations selling Compressed Natural Gas (CNG) in Lagos and Abuja.
In a message released on X, the national oil company said the initiative is part of its broader drive to promote cleaner energy and reduce the cost of transportation for Nigerians.
Source: Getty Images
The NNPC says that, beyond affordability, CNG offers long-term savings on vehicle maintenance and enhances engine life.
The statement reads:
“Hello Lagos, drive cleaner and cheaper!” the NNPC said in a promotional message.
“Visit any of our CNG-powered stations to experience a reliable, eco-friendly alternative to PMS, saving you money while reducing emissions.
What to know about CNG?
CNG is a fuel gas under pressure that remains clear, odourless and non-corrosive, 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).
The CNG option provides commercial transport operators, companies and vehicle owners looking to cut down on fuel expenses amid high PMS prices.
According to the NNPC, motorists in Lagos can now access premium CNG fuel at the following retail outlets:
Lagos Locations:
- Fola Agoro
- Amuwo Odofin
- Marina
- Agege By Pass
- Lakowe
- Odogunyan
Abuja Locations:
- Gaduwa
- Olusegun Obasanjo Way
- Gudu
- Dei Dei
- Gwagwalada
- Ushafa
Source: Getty Images
FG pushes for more CNG adoption
There has been a push by the Federal Government for the wider adoption of Compressed Natural Gas (CNG) under the Presidential CNG Initiative (PCNGI).
The move is part of efforts to reduce Nigeria’s dependence on imported fuel and lower transportation costs for citizens following the removal of fuel subsidies.
In August 2023, President Bola Tinubu approved the establishment of the PCNGI. The government stated its intention to ensure that about one million vehicles run on CNG.
Recently, the Programme Director and Chief Executive of PCNGI, Michael Oluwagbemi, announced a reduction in transportation fares for passengers using CNG-powered vehicles in Abuja.
The new fares, which represent a 40% decrease from previous rates, were agreed upon through a collaboration between the PCNGI and the National Union of Road Transport Workers (NURTW).
He said:
“I am here to announce to you that here in Area 1 as of today, Area 1 Park in conjunction with the leadership of National Union of Road Transport Workers, we have come here to start enforcing the price reduction."
FG launches portal for access to CNG-powered vehicles
The Federal Government of Nigeria has introduced a new online platform to enable young Nigerians to easily obtain compressed natural gas (CNG)-powered tricycles, commonly referred to as Keke.
This announcement was made by the Minister of State for Youth Development, Ayodele Olawande, on Monday, 7 October 2024.
The activation of this portal comes shortly after the government unveiled 2,000 CNG tricycles as part of its ongoing initiative on 1 October 2024.
Through the portal, interested youths nationwide can register and be connected with aggregators or owners who operate directly under the Presidential CNG Initiative (Pi-CNG), facilitating the ownership process of these vehicles.
Minister Olawande emphasised that the portal aims to ensure a transparent and efficient registration process for young people wishing to participate in the Pi-CNG program.
He further highlighted that adopting CNG technology represents a significant step towards fostering a cleaner and more sustainable environment across Nigeria.
Filling stations reduce petrol price by N15
Earlier, Legit.ng reported that Independent petroleum marketers in Nigeria's capital city, Abuja, have slashed the pump prices of petrol by up to N15 per litre.
Two A.Y.M Shafa filling stations along Airport Road in Abuja reduced their pump price to N915 per litre, down from N930 a day earlier. Also, Matrix Energy, operating along the same axis, implemented a similar adjustment.
Changes were also seen at NIPCO outlets dropped their rates to N925 per litre from N950, while Conoil stations sold petrol at N935 per litre.
The article was updated with additional information by the head of the business desk, Victor Enengedi.
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Source: Legit.ng
