CNG price doubles to ₦450 as FG removes subsidy - motorists fear return to petrol

CNG price doubles to ₦450 as FG removes subsidy - motorists fear return to petrol

The Federal Government’s push for Compressed Natural Gas (CNG) as an affordable alternative to petrol and diesel is under renewed scrutiny, following a sharp increase in prices and persistent shortages at refuelling stations. The cost of one standard cubic metre of CNG has nearly doubled, rising from ₦230 to ₦450, after the government quietly reduced its subsidy support. Retailers confirmed that while trucks now pay ₦450/SCM, car drivers and com…

CNG Price Surges to ₦450 as Market Pressures Mount - Tech

The federal government’s decision to remove subsidy support on Compressed Natural Gas (CNG) has triggered a sharp rise in pump prices, with motorists now paying as much as ₦450 per standard cubic metre (scm) across major cities. For many Nigerians, the development is a fresh blow to household budgets already strained by high petrol and diesel costs. Motorists and Transport Operators React At a CNG refilling station in Lagos, commercial driver Ib…

Price Hike to N380/SCM erodes CNG’s cost advantage over petrol

By, Biola Davies Motorists are lamenting Monday’s increase in the price of Compressed Natural Gas (CNG), which rose from N230 to N380 per Standard Cubic Metre (SCM) at several independent filling stations. YOUNEWS is aware that major filling stations, including NIPCO CNG and Mobil, raised their pump prices from N230 to N380 on Monday. Many ...