President Bola Ahmed Tinubu says Nigerians can buy premium motor spirit (PMS), also known as petrol, at ₦1,000 per litre or compressed natural gas (CNG) at ₦200 per standard cubic meter.
This was contained in a statement by Bayo Onanuga, special adviser to the president.
Tinubu spoke during a meeting with the Nigerian Independent Petroleum Company (NIPCO) on Tuesday at the State House in Abuja.
“President Tinubu acknowledged NIPCO’s role as a critical player in enhancing the adoption of CNG as an alternative fuel, noting that such investments align with his administration’s energy security and economic diversification strategy,” Onanuga said.
“He emphasised the importance of public-private partnerships in driving the transition to cleaner and more affordable energy solutions for Nigerians.
“The President lauded NIPCO’s efforts in promoting and supporting the ‘Switch to CNG’ campaign, which has been instrumental in boosting public awareness and providing affordable CNG conversion kits even before the official kickoff of the Presidential CNG Initiative.
“He highlighted the significance of this initiative in reducing the nation’s reliance on petrol and cutting down fuel costs for consumers.
“CNG, being a cleaner and more affordable fuel, reduces the carbon footprint and saves consumers significant fuel costs.
“Nigerian motorists can buy petrol at ₦1,000 per litre or the gas equivalent per Standard Cubic Meter at ₦200. We have also introduced incentives for commercial motorists to convert from petrol to gas, free of cost.”
In another development, President Tinubu made known his plan to ensure the conversion of Filling Stations across the country to CNG Oulets.
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