Federal Government recently announced its 

plan in motion to provide alternative fuel called Compressed Natural Gas (CNG), the CNG price is pegged between N95 to N97 per litre.

According to a statement made by the Minister of State for Petroleum Resources, Timipre Sylva, on Thursday, January 16, 2020 where he unveil the Compressed Natural Gas price and commercial consumption during a press briefing with journalists in Abuja.

Mr. Sylva reiterated that CNG has undergone a pilot project in Benin City with over 10,000 vehicles already running on it.

He added that with CNG, the cost of fuel will reduce to about N97 per litre.

“What we have decided is that we should try and give the masses an alternative. That will be to move the masses to CNG.

“CNG cost less than the subsidized PMS. Per litre, the subsidized rate of the PMS is N145 per litre. CNG will cost about N95 to N97 per litre,” the minister announced.

He concluded that Nigerians would never experience fuel scarcity again while he expressed optimism that the Petroleum Industry Bill (PIB) will be passed before May 29, 2020.”