Nigeria: High Petrol, Transport Costs - NNPC Intervenes, Rolls Out 12 New CNG Stations

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Nigeria: High Petrol, Transport Costs - NNPC Intervenes, Rolls Out 12 New CNG Stations
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The Nigerian National Petroleum Company Ltd (NNPC), in partnership with NIPCO, has commissioned 12 Compressed Natural Gas (CNG) stations in Abuja and Lagos in a move to alleviate the burden of high transportation costs on Nigerians following the removal of fuel subsidy by President Bola Tinubu.

The Nigeria n National Petroleum Company Ltd , in partnership with NIPCO, has commissioned 12 Compressed Natural Gas stations in Abuja and Lagos in a move to alleviate the burden of high transportation costs on Nigeria ns following the removal of fuel subsidy by President Bola Tinubu.

The newly built CNG stations which had six in Lagos and six in Abuja were commissioned by the minister of State for Petroleum Resources Ekperikpe Ekpo. "There is simply no way to turn back on delivering CNG for all Nigerians. It is the right thing to do. Is it late? Yes, but we will make progress, we will cover the gap in order to ensure that the volatility we see with Premium Motor Spirit does not apply to gas," Kyari stated.

Also speaking at the occasion, the managing director, NNPC Retail Limited, Huub Stokman revealed that in the next one year, NNPC Retail would have launched over 100 CNG sites, including 16 NNPC Gas Marketing and NIPCO Gas JV sites. On his part, the chairman of the NNPC Board of Directors, Pius Akinyelure said increased CNG adoption will foster economic benefits by reducing fuel costs for consumers and businesses alike.

These CNG stations feature advanced reciprocating and hydraulic booster compressors, ensuring a dispensing pressure of 200 bar for CNG vehicles.

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