NO More N800 Per Liter, Jubilation As Price Of Petrol Drops Drastically, See New Selling Price
At NNPC Station Many cab drivers have started using compressed natural gas (CNG), which is significantly less expensive than gasoline. This breakthrough would greatly alleviate Nigerians, Driver testimonies are included in a recent paper that highlights this development.
Taxi driver Oluwatosin Ibiwoye disclosed that, based on her experience, she pays N200 per standard cubic foot for CNG. Instead of paying N28, 000 for gas, she today only spends N4, 100 for CNG, She obtains her gasoline from the recently opened federal government- owned NNPC compressed natural gas/autogas facility in Ilasamaja, Lagos. “I’m done thinking about price increases and standing in line for PMS. Now that I have it, I’m relaxed. According to Ibiwoye, using CNG, ‘ what used to cost me N28, 000 in PMS now only costs N4, 100. “She was not the only one who praised CNG’ s superiority over diesel and gasoline.
Another carpooler concurred. He seems certain that he would be able to make enough money after making the conversion to CNG. This performs significantly better than gasoline or diesel. He said to reporters outside the gas station, “I can now wake up with peace of mind, knowing I can make enough daily profit to feed my family. He did, however, voice concern about the lack of CNG stations, highlighting how annoying it is to have to travel continually in order to recharge. “My only complaint is that I have to come here every time to buy. I think more gas stations have to start offering CNG so that Nigerians. have an additional option.
When they do, he added, a lot of Nigerians will convert their cars from gasoline to CNG. President Bola Tinubu wants the federal government to increase the availability of CNG after the fuel subsidy is removed, and this move to CNG is consistent with that goal. With the cost of gasoline continuing to grow beyond affordability, the arrival of CNG vehicles provides a practical alternative. Lessening the financial burden on its residents, the federal government intends to provide a more reliable and affordable fuel option.
As part of a broader effort to encourage the country’s citizens to utilize CNG, the NNPC is building CNG facilities, such as the one at Ilasamaja. The financial benefits of CNG are obvious. Drivers like Ibiwoye can preserve their entire financial stability by converting from gasoline to compressed natural gas (CNG), which saves them a significant amount of money. This change also offers decreased operational costs for many fuel- dependent companies, which may have broader economic benefits. The administration must adhere to its goal to expand the availability of CNG infrastructure.
In addition to increasing accessibility, more CNG filling stations will motivate more drivers to change their vehicles. Because CNG burns cleaner than other fuels, it may save a lot of money. on fuel nationally and help the environment at the same time. Finally, the growing trend of Nigerian taxi drivers switching to CNG represents a positive step toward more reliable and affordable fuel sources. If the government keeps pushing for the development of CNG infrastructure, the country’s sustainable fuel practices will be promoted and significant financial relief would be given.
