President Bola Tinubu Introduces Fuel At ₦230 Per Litre With CNG

President Bola Tinubu has launched CNG at N230 per litre to offer a more affordable alternative to petrol and diesel

There is a plan to distribute one million free CNG conversion kits for commercial vehicles over the next 18 months

The initiative the president believes will support a transition to CNG through authorised centres across Nigeria

The Presidential Compressed Natural Gas Initiative (PCNGi) has launched Compressed Natural Gas (CNG) for vehicles at N230 per litre.

This initiative is designed to provide Nigerians with a more affordable and sustainable alternative to petrol and diesel.

The announcement was detailed in a statement signed by Michael Oluwagbemi of PCNGi on Tuesday, September 10, 2024.

He stated that PresidentTinubu is determined to reduce the cost of living, particularly in light of the recent removal of the fuel subsidy.

The statement Oluwagbemi reads: “The PCNGi promises to deliver significant economic relief, especially to those reliant on transportation for their livelihoods”

He further revealed that President Tinubu has directed the distribution of one million free CNG conversion kits for commercial vehicles nationwide as part of this transformative initiative.

It added: The rollout of these kits, which will include free installation, is set to occur over the next 18 months, facilitating an easy transition for commercial transport operators to switch to CNG. The first phase of the PCNGi will commence this week with the distribution of 10,000 free conversion kits.

“These kits will be available through key national transport associations, including the National Union of Road Transport Workers (NURTW), Moove, UBER, and the Kaduna State Transport Authority (KSTA).”

President Tinubu also plans to distribute one million conversion kits in 2025, positioning the country’s commercial transport sector to reduce its dependence on expensive petrol and diesel.