NIPCO Plc says it has done 4 Compressed Natural Gas (CNG) stations in Lagos and are set for inauguration by May perhaps 2024.
Mr Nagendra Verma, the Running Director of NIPCO Fuel Ltd., disclosed this throughout an interaction with newsmen on Sunday, April 14, in Lagos.
Verma, who highlighted the significance of CNG as a viable alternative gasoline, counseled the Federal Government’s initiative in endorsing gas as an different gas.
He affirmed NIPCO’s dedication to supporting the initiative even though emphasising the company’s considerable involvement in AutoCNG progress since 2009.
He also spoke on the company’s partnership with the Nigerian National Petroleum Corporation Ltd. (NNPCL) to construct 35 AutoCNG stations in phases.
“The completion of these CNG stations in Lagos marks a sizeable milestone, featuring motorists an choice to petrol amidst extensive queues at filling stations.
“The services would be opened for professional functions in just April and Could to turn out to be the first of its kind in the condition which is now contending with extended queues at filling stations,” Verma mentioned.
He more outlined pricing aspects, noting the aggressive fees of AutoCNG as opposed to classic fuels.
The NIPCO manager expressed self esteem in AutoCNG becoming the most popular gasoline, specifically with federal government guidance and media advocacy.
According to him, the corporation has recognized 19 CNG station places and experienced gained phase-smart acceptance from the Nigerian Countrywide Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and other statutory authorities.
Verma, who certain sustainability of offer right after commissioning, said that presently, for cars and trucks, taxis and Keke’s, AutoCNG is sold at N200 for each normal cubic toes scm versus the petrol cost of N610 per litre, in Lagos and N230 for every scm versus the PMS selling price of N670 for each litre in Abuja.
The taking care of director even further informed that, likewise for significant commercial autos, AutoCNG is currently being bought at N260 for each scm from the In the past price of N1250 for every litre in Lagos and N290 for every scm from the Ago selling price of N1300 for each litre in Abuja.
“NIPCO Fuel is certain that with the continuous concentration and press by recent govt, AutoCNG will come to be the selection fuel for Nigeria, which has the possible to lessen the force on importation as nicely as on foreign exchange.
“AutoCNG is a project for masses and of nationwide lead to and great importance, introducing, “We are absolutely sure when expanded throughout Nigeria it will surely and absolutely relieve the masses and motorists from high fuel price tag.
“We consistently look for blessing and support of the federal government and media to make AutoCNG a reliever, cleaner and greener gasoline of Nigeria,” he additional.
Speaking on the company’s technique, Verma stated, to begin with, the enterprise began with Benin Town and expanded the AutoCNG community to Ibafo in Ogun State and later-on in Kogi Condition.
He stressed additional that with the initiatives and crystal clear mandate by present-day governing administration, the AutoCNG network also expanded to Abuja FCT, Ibadan in Oyo Point out and Oron in Akwa Ibom State.
He claimed that NIPCO fuel presently operates 15 AutoCNG stations throughout Nigeria and CNG autos from Lagos can travel up to Abuja and Kaduna by using CNG from the in-concerning NIPCO Fuel AutoCNG stations.
By Yusuf Yunus