CNG 40% cheaper than petrol, 100 stations coming – NNPC

The use of Compressed Natural Gas in automobiles is 40 per cent cheaper than using Premium Motor Spirit, popularly called petrol, the Nigerian National Petroleum Company Limited announced on Thursday.

NNPC also announced that 100 CNG stations would be functional nationwide in 12 months, as it simultaneously inaugurated 11 CNG stations across various locations in Abuja and Lagos on Thursday.

Speaking at one of the locations in Abuja, the Managing Director, NNPC Retail Limited, Huub Stokman, said the stations represent a major step in extending the national oil firm’s CNG presence in Nigeria, marking an important moment in its efforts to diversify Nigeria’s energy mix.

“Adding CNG to NNPC stations provides Nigeria with an affordable alternative to existing fuel products. CNG will be about 40 per cent cheaper than petrol in Nigeria. And with continued investments, it could become a significant part of our energy mix,” stated.

On the expansion of the stations, Stokman said, “In the next 12 months, NNPC Retail will have launched over 100 CNG sites.”

He said NNPC was “also supporting our implementation partners to set up two mechanical training centres combined with conversion centres in Abuja and Lagos.

“And it is fantastic that Nigeria is utilising its own natural resources to bring affordable energy to the people of Nigeria, and NNPC Retail is very proud to be part of this journey.” Nigeria has abundant gas reserves of about 209 trillion standard cubic feet.

The Group Chief Executive Officer, NNPC, Mele Kyari, said the company and its partners were developing infrastructures to further bring CNG closer to end users.



Please enter your comment!
Please enter your name here