CNG 15% cheaper than petrol, says gas association

The Nigerian Gas Association has called for the adoption of Compressed Natural Gas as an alternative to Premium Motor Spirit or petrol. It said it is 15 per cent cheaper.

The President of the association, Akachukwu Nwokedi, said this during a media briefing in Lagos.

He said, “The Federal Government has to continue to make gas affordable, and we as an association support CNG, Train 7 because Nigeria has enough gas resources to achieve economic growth. Besides CNG is 15 per cent cheaper than petrol.”

Prices of petrol had seen a rise from around N185 per litre to almost N600/litre in Lagos and its environs and above N700/litre up north.

Nwokedi explained that reviewing the PIA would give rise to addressing issues such as multiple taxation, payment for gas and fees in dollars instead of naira, fiscal incentives, and others.