Filling Stations Set For N200 Fuel Selling Price After Federal Government’s Orders

Voice Air Media, VAM News Update

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has ordered all filling stations across the country to start selling compressed natural gas (CNG).

Engr Farouk Ahmed, Executive Director of NMDPRA, disclosed this during a meeting in Abuja. He said it is now mandatory for service stations to increase CNG accessibility for consumers.

According to Nagendra Verma, Managing Director of NIPCO Gas, AutoGas for cars, taxis and tricycles is sold at about N200 per standard cubic foot, while for heavy commercial vehicles, CNG is sold at N260 per standard cubic.

Speaking further about the new order to filling stations, Ahmed also said that new applications for retail licenses would no longer be approved without CNG points.

Furthermore, he described the federal government’s push to encourage the use of CNG as an alternative to gasoline as a revolution.

The NMDPRA chief added that the government was determined to reduce the burden of oil on the economy, reports Punch.

His words;
“We aim to soon have CNG add-ons at most of our upcoming and largest filling stations, similar to our existing PMS, AGO and DPK facilities, to ensure easy access to consumers.

However, we must first address the supply side. We are collaborating with production companies, our sister agency NUPRC, NNPC Limited and Gas Aggregation Company of Nigeria (GACN) to ensure that the product is available at a competitive cost to consumers.

This effort aligns with the President’s goal of transitioning the country toward greater use of CNG for mobility, reducing our heavy dependence on PMS. We urge companies to invest in this initiative and ensure that CNG outlets are accessible to consumers.

After completing the consultations, we will require CNG add-ons to be included at filling stations. For new applications, having a CNG complement will be a requirement for gas stations.”

Gas stations sell gasoline at new prices
Earlier, This newspaper reported that several gas stations nationwide have adjusted their pump prices due to the shortage.

In Lagos, some filling stations sell at N650 per litre, while in states like Abia it costs between N700 and N750 per litre.

The shortage is even worse in the northern part of the country, with reports that a liter of fuel is being sold on the black market for up to 2,000 naira.

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