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Sunday, January 19, 2020

Federal Govt Of Nigeria Plans N97 Per Litre Fuel For Common Man


The Federal Government has revealed plans are underway to provide alternative petrol -Compressed Natural Gas (CNG) – for the common man that will cost between N95 to N97 per litre. It also promised to pass the Petroleum Industry Bill(PIB) before May 29, 2020.
The Minister of State for Petroleum Resources, Chief Timipre Sylva, stated these to reporters in Abuja on Thursday.
Asked whether government was going to reduce the pump prices of the Premium Motor Spirit (PMS) to make it more affordable, the minister said that there were plans to provide an alternative fuel that is cheaper.
He disclosed the fuel CNG has undergone a pilot project in Benin City where over 10,000 vehicles are already running on it.
With CNG, Sylva said that the cost of fuel will reduce to about N95 per litre.
According to him: “What we have decided is that we should try and give the masses an alternative. This will move the masses to CNG.
“That is transport vehicles for example, out of the PMS loop to be using the CNG. CNG cost less that the subsidised PMS. Per liter the subsidized rate of the PMS is N145 per litre. CNG will cost about N95 to N97 per litre.”
Sylva posited that Nigerians will never experience fuel scarcity again.

FACEBOOK COMMENTS


Chigozie Nnadi

All for 2023 campaign, we know.

Adediran Muyiwa Ademola

How is is it possible, are they going to build separate filling station  for the rich ones.

Davidson Paul

Which kind good news be that something Dy are still planning to do and u are saying good news no be 47 APC promise Nigeria before???

Mizta G Prince

It should be 65

Rasheed Alao

Easier said than done , this is what Nigerians has been experiencing since 2015

Bestie Angos

97 and 45 which one is More expensive

Ekene Rex Asiegbulam

Plans? Na him be the good news just plans .. different format same game.

Ayojesu Ibote

There is nothing good about the news because there are so many things they have promised without fulfilling.

Amarachi Favour

SINCE you are still planning, is better you plan it back to 45 naira per litter
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