NIPCO Plc says it has completed four Compressed Natural Gas (CNG) stations in Lagos, set for inauguration by May.

Nagendra Verma, the managing director of NIPCO Gas Ltd., disclosed this during an interaction with journalists on Sunday in Lagos.

Mr Verma, who highlighted the significance of CNG as a viable alternative fuel, commended the federal government’s initiative in promoting gas as an alternative fuel.

He affirmed NIPCO’s commitment to supporting the initiative while emphasising the company’s extensive involvement in auto CNG development since 2009.

Mr Verma also spoke on the company’s partnership with the Nigerian National Petroleum Company Ltd. (NNPCL) to construct 35 auto CNG stations in phases.

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“The completion of these CNG stations in Lagos marks a significant milestone, offering motorists an alternative to petrol amidst long queues at filling stations.

“The facilities would be opened for commercial operations within April and May to become the first of their kind in the state, which is now contending with long queues at filling stations,” Mr Verma stated.

He further outlined pricing details, noting the competitive rates of auto CNG compared to traditional fuels.

The NIPCO boss expressed confidence in auto CNG being the preferred fuel, especially with government support and media advocacy.

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According to him, the company has identified 19 CNG station locations and has received stage-wise approval from the Nigerian National Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and other statutory authorities.

Mr Verma, who assured sustainability of supply after commissioning, said that currently, for cars, taxis, and tricycles, auto CNG is sold at N200 per standard cubic foot scm against the petrol price of N610 per litre, in Lagos and N230 per scm against the PMS price of N670 per litre in Abuja.

(NAN)