President Bola Tinubu on Monday said Nigerian motorists have the option to purchase petrol at N1,000 per litre or switch to Compressed Natural Gas (CNG) at N200 per Standard Cubic Meter.
Speaking during a meeting with NIPCO executives at the State House in Abuja, Tinubu said his administration introduced incentives for commercial motorists to convert their vehicles from petrol to gas at no cost to cushion the effect of high PMS costs.
The president commended NIPCO for its investments in Nigeria’s CNG sector and its support for the Presidential Compressed Natural Gas Initiative (PCNGI).
He described the company as a critical player in enhancing the adoption of CNG as an alternative fuel in the country.
“Nigeria’s motorists can buy petrol at N1,000 per litre or equivalent gas per Standard Cubic Meter at N200. We have also introduced incentives for commercial motorists to convert from petrol to gas” free of cost,” President Tinubu said.
NIPCO’s director, Ramesh Kasangra, who led the delegation to the State House, pledged the company’s commitment to investing in infrastructure to make CNG more accessible to Nigerians.
According to Kasangra, NIPCO has been operating in various sectors of Nigeria for over four decades and remains committed to long-term investments in the country.
President Tinubu lauded NIPCO’s efforts in promoting and supporting the “Switch to CNG” campaign, which he said has been instrumental in boosting public awareness and providing affordable CNG conversion kits even before the official kickoff of the Presidential CNG Initiative.
He stressed 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.
Nigerians Can Choose Petrol At N1,000 Or CNG At N200 — Tinubu is first published on The Whistler Newspaper