CNG 40% Cheaper Than Petrol; NNPC to Open 100 New Stations

The Nigerian National Petroleum Company Limited announced on Thursday that using Compressed Natural Gas (CNG) in automobiles is 40 percent cheaper than Premium Motor Spirit, commonly known as petrol. The NNPC also revealed plans to have 100 CNG stations operational nationwide within 12 months, inaugurating 11 stations across Abuja and Lagos as part of this initiative.

At one of the inauguration events in Abuja, NNPC Retail Limited’s Managing Director, Huub Stokman, highlighted the significance of these stations in expanding the national oil firm’s CNG presence in Nigeria. He emphasized that CNG provides a more affordable fuel alternative, projecting it to be 40 percent cheaper than petrol. Stokman further announced that NNPC Retail would launch over 100 CNG sites within the next year and support mechanical training and conversion centers in Abuja and Lagos.

Group Chief Executive Officer of NNPC, Mele Kyari, noted that the company and its partners are developing infrastructure to make CNG more accessible. He mentioned plans to construct six CNG mother stations across the country by December and build three Liquefied Natural Gas stations in Ajaokuta. These efforts aim to bring gas closer to consumers, reduce transportation distances, and ultimately lower fuel costs nationwide.

Shettima Imam, Executive Vice President of Cleanergy Innovation Ltd, partner of NNPC in the CNG station project, stated that the new stations represent a significant step towards affordable, sustainable, and environmentally friendly fuel solutions in Nigeria. He praised the collaboration and innovation that led to the rapid completion of this project and emphasized the potential savings for car owners, estimating an annual saving of about N12 million per vehicle with the use of CNG.