ThisTimes.com.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 Ltd has commissioned 12 new gas stations in Lagos and Abuja specifically for Compressed Natural Gas (CNG) vehicles.
The newly operational CNG stations, comprising six in Lagos and 6, are part of government efforts to help reduce transportation costs in the country.
The new CNG stations add to the recently commissioned station in Ilasamaja, Lagos state.
CNG is a pressurised fuel gas that is clear, odourless, and non-corrosive, serving as an alternative to petrol.
According to Nagendra Verma, Managing Director of NIPCO Gas, AutoGas for cars, taxis, and tricycles is priced at about N200 per standard cubic foot, while CNG for heavy commercial vehicles is sold at N260 per standard cubic meter (SCM).
According to the NNPC, the CNG stations are equipped with advanced reciprocating and hydraulic booster compressors, providing a dispensing pressure of 200 bar for CNG vehicles.
CNG is transported to stations in Abuja and Lagos via virtual pipelines from Mother Stations in Ajaokuta, Kogi State, and Ibafo, Ogun State.
The Abuja and Lagos stations have a dispensing capacity of over 6 million standard cubic feet (MMSCF) of CNG per day, serving approximately 15,000 vehicles daily.
Earlier, ThisTimes.com.ng reported that more Nigerians are turning to Compressed Natural Gas (CNG) to cut fuel expenses, as petrol prices have increased in the past month.
Reports show that some filling stations in certain states ask motorists to pay up to N937 per litre for petrol.
The cheaper fuel alternative, sold at N200, is becoming more attractive to Nigerians.
Proofread by Kola Muhammed, journalist and copyeditor at ThisTimes.com.ng
Source: ThisTimes.com.ng
