Subsidy Removal: Oil Marketers Set to Deploy Compressed Natural Gas

Oil marketers are currently converting some of their trucks from supplying fuel, to provide Compressed Natural Gas (CNG)in order for vehicles which run on CNG to access the product nationwide.

According to reports, 800 tankers that formerly transported Premium Motor Spirit (PMS) to fuel stations, were being converted by marketers to start moving CNG to retail outlets across the country.

The marketers said they were now collocating CNG dispensing pumps in selected fuel stations that dispensed Premium Motor Spirit.

They stated that the move gained momentum after the halt in PMS subsidy by the Federal Government, following the announcement by President Bola Tinubu, on May 29, 2023.

According to operators, gas is cheaper than subsidised petrol and is cleaner and very abundant in Nigeria.

The National President, Independent Petroleum Marketers Association of Nigeria, Chinedu Okonkwo, said, “Some of my members have started signing up to dispense gas at their stations, as well as the collocation of gas in their outlets.

One of the major independent marketers has given over 500 of his trailers for conversion to transport gas to filling stations.”

Punch/Hauwa Abu