Nigerians should choose between buying petrol at N1,000/litre or CNG at N200/metre — Tinubu

Eric Patrick 

President Bola Tinubu has said that Nigerians now have the option to choose between purchasing petrol at N1,000 per litre or compressed natural gas (CNG) at N200 per Standard Cubic Meter.

The president made this Known in a  statement by his spokesman, Bayo Onanuga while addressing  executives of the Nigerian Independent Petroleum Company (NIPCO) at the State House in Abuja on Tuesday.

According to statement, the present administration has introduced incentives for commercial motorists to convert from petrol to gas” free of cost.

The President commended NIPCO’s contributions to the nation’s energy transition efforts, particularly its support for the Presidential Compressed Natural Gas Initiative (PCNGI).

The statement read, “Nigeria’s motorists can buy petrol at N1,000 per litre or equivalent gas per Standard Cubic Meter at N200.

“President Tinubu reaffirmed his administration’s commitment to providing a conducive environment for private sector investments and expanding Nigeria’s CNG infrastructure to enhance energy efficiency and economic growth.

“He further encouraged NIPCO to continue its innovative approach to CNG expansion while supporting the government’s broader goals in the energy sector.

“Mr Ramesh Kasangra, NIPCO director, who led the delegation, thanked President Tinubu for his steadfast support of the CNG sector.

“He expressed NIPCO’s commitment to furthering the partnership with the government to ensure Nigeria’s energy transition remains on track.

“He assured the president that the company was ready to invest in infrastructure to make CNG more accessible nationwide.

“According to him, NIPCO has been a key player in various sectors of Nigeria for over four decades and will continue to believe in Nigeria for the long term.”