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CNG 40% Cheaper Than Petrol, 100 Stations Coming – NNPC - Politics - Nairaland 3e1me

CNG 40% Cheaper Than Petrol, 100 Stations Coming – NNPC (11577 Views)

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dre11(m): 8:35am On Jul 05, 2024
The use of Compressed Natural Gas in automobiles is 40 per cent cheaper than using 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 ing 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 s.

Kyari said, “I can see the benefits, people are saying that it works for them, it is cheaper and cleaner fuel and it is accessible. What we are going to do is to roll it out across all the states of the federation and it is already a work in progress.

“We will construct six CNG mother stations across the country between now and December and you will see this happen. We are also taking another step, we are building three LNG (Liquefied Natural Gas) stations in Ajaokuta, one of them belongs to us and the two others are done in partnerships.

“What this does is to bring gas closer to consumers because distance matters in transporting gas, which is why we are doing this so that it becomes accessible and easier. And this is for the short term because as soon as we complete the AKK pipeline it gets much closer to end s and ultimately as you reduce the distance, the cost will come down and you see cheaper fuel across the country.”

The Executive Vice President, Cleanergy Innovation Ltd, partners of NNPC in the design and installation of the CNG stations, Shettima Imam, said the retail outlets represent a significant step forward in Nigeria’s journey towards affordable, sustainable, locally sourced and environmentally friendly fuel solutions.

“These CNG filling stations show the commitment to diversify Nigeria’s energy offerings and promote Mr President’s CNG initiative. These new facilities are designed to ensure safe, reliable, and efficient service to all customers, aligning with global best practices.

“The CIL team’s expertise and dedication with the full of the NNPC Retail team and its senior management, after meticulous planning and safeguards, have ensured the successful completion and delivery of this first step of the project, in a record time from the arrival of the equipment in Nigeria.

“Thus setting a new benchmark for CNG infrastructure in the region. These CNG stations are a testament to what can be achieved through collaboration and innovation,” Imam stated.

It was further explained at the event that the government had been subsidising the petrol consumption of an average car owner by about N6m to N9m per annum. But with the deployment and use of CNG, an average car owner would save about N12m annually.

https://punchng.com/cng-40-cheaper-than-petrol-100-stations-coming-nnpc/?amp

4 Likes

Quest7777: 8:36am On Jul 05, 2024
Ok noted. Make dem come 1st.

3 Likes

Lumarstone: 8:38am On Jul 05, 2024
When is it coming? Nigerians are tired of hearing this type of a thing from NNPCL.


I left..!

16 Likes

CyrusVI(m): 8:41am On Jul 05, 2024
PBAT is like Pep Guardiola
He's always tweaking his tactics and he'll soon get it right

5 Likes 1 Share

mrvitalis(m): 8:43am On Jul 05, 2024
CyrusVI:
PBAT is like Pep Guardiola
He's always tweaking his tactics and he'll soon get it right
Oga PDP used Benin city as the pilot for CNG usage as far back as 2013 .. Ask anyone in Edo

It's APC that slowed the implementation

35 Likes 2 Shares

mrvitalis(m): 8:47am On Jul 05, 2024
If I am to advise APC and tinubu government

1) CNG usage should be focused on commercial and logistics transportation vehicles

a) it would help food inflation
b) owners have more available funds to do the
change
c) truck parks and bus terminals already have
existing species to sight the refueling
stations

18 Likes 1 Share

correctyourself(m): 8:51am On Jul 05, 2024
I hope generator can also use it?
Finegirl734(f): 8:52am On Jul 05, 2024
kiss
Paraman: 8:53am On Jul 05, 2024
When lots of Nigerians start using it now, it might even become more expensive than petrol

50 Likes 5 Shares

helinues: 8:53am On Jul 05, 2024
Good

When there are other options, the price would crash

75 Likes 1 Share

helinues: 8:55am On Jul 05, 2024
Paraman:
When lots of Nigerians start using it now, it might even become more expensive than petrol

As long as the product is always available, the more demand , the further the price would crash

72 Likes

bassdow: 9:39am On Jul 05, 2024
Yea for now
iampeterben(m): 9:39am On Jul 05, 2024
This is great.
bassdow: 9:39am On Jul 05, 2024
Yea for now. Just like Cooking Gas once was a much Cheaper alternative

9 Likes 1 Share

Tjra: 9:40am On Jul 05, 2024
Not a fan of CNG for Autos in Naija because of our poor safety records.

Make cars no come turn moving bombs soon.

7 Likes 3 Shares

Anguldi(m): 9:40am On Jul 05, 2024
Una Papa, another news diversion undecided

APC and propaganda angry

2 Likes

bassdow: 9:40am On Jul 05, 2024
bassdow:
Yea for now. Just like Cooking Gas once was a much Cheaper alternative
They often remain CHEAPest till the people have keyed into it, then Boom, it becomes very costly

6 Likes 1 Share

iwaeda: 9:41am On Jul 05, 2024
dre11:


https://punchng.com/cng-40-cheaper-than-petrol-100-stations-coming-nnpc/?amp
They are promoting CNG, forgetting that 50% of transporters uses petrol Dangote is promising. How will refineries make profit. These people oo. grin grin grin grin grin grin grin grin grin

3 Likes

dfrost: 9:41am On Jul 05, 2024
helinues:
Good

When there are other options, the price would crash


Nigerians crash food price? As in Nigerians, brother? 🤣 Not Nigeriens, Nigerians ba? Just wait.

1 Like

bassdow: 9:41am On Jul 05, 2024
bassdow:

They often remain CHEAPest till the people have keyed into it, then Boom, it becomes very costly
still me no really like anyThing GAS especially in this part of the world where FAKEs and Substandard items reigns. Even SON seems inActive

2 Likes 1 Share

daniska3yaro(m): 9:42am On Jul 05, 2024
Wawayu
WakeUpNigerians: 9:42am On Jul 05, 2024
Another lamba for the jobless agbadorians to masturbate on grin

2 Likes 1 Share

4tomandchi: 9:43am On Jul 05, 2024
Nigeria is moving forward
Fatbam005: 9:43am On Jul 05, 2024
Nobody dey talk about gas for generator again..

2 Likes

jericco1(m): 9:45am On Jul 05, 2024
Very soon it will sur petrol. No be Nigeria again?

1 Like

MasterJayJay: 9:46am On Jul 05, 2024
40% cheaper means they have already inflated the price. It should be 300% cheaper. Thieves.

5 Likes 1 Share

omoyankee3(m): 9:46am On Jul 05, 2024
You are carrying the meat of an elephant on your head, and still using your leg to look for locust to eat. They say CNG is 40% cheaper, but how much will the construction of the 100 stations cost tax payers? Or the cost of conversions of vehicles?

There are PMS stations everywhere, so the infrastructure already exists, and cars are already running on petrol. All the country needs to do is maximize PMS production via existing refineries. Simple.

3 Likes

MrBachelor: 9:47am On Jul 05, 2024
Every time Cho Cho Cho Cho, no workings.

1 Like 1 Share

rottennaija(m): 9:48am On Jul 05, 2024
Until mass adopt and it, it will be 100% costlier than PMS. This is because demand will exceed supply driving the cost higher and higher. And is made worse by little or no infrastructure for CNG across the country.

PBAT failed. The next 3 years of his presidency will be very difficult for Nigerians.

1 Like 1 Share

Bubu4Sea: 9:49am On Jul 05, 2024
Story
Seun362: 9:49am On Jul 05, 2024
dre11:


https://punchng.com/cng-40-cheaper-than-petrol-100-stations-coming-nnpc/?amp

Yes but what's the cost of conversation?
I had a chat with a stakeholder in the industry and he told me it will cost us #1.3m to convert a Toyota Corolla 2006 model.
I asked why so expensive, he said cost of importing the cylinder and other kits is high and Government is even collecting import duties on them.

Why should the government be geting duties on item used for conversation while trying to encourage people to switch over to CNG?

5 Likes

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