Efforts to position Compressed Natural Gas (CNG) as a cost-effective alternative to petrol in Nigeria are facing significant obstacles.Despite the federal government’s directive to sell CNG at a subsidized price of N200 per standard cubic meter—far cheaper than the over N1,000 per litre cost of Premium Motor Spirit (PMS)—the initiative is struggling due to inadequate infrastructure.Currently, Nigeria has only about 50 operational CNG refuelling stations, primarily m...

The Nigerian National Petroleum Company Limited (NNPCL) has recently reduced the cost of Premium Motor Spirit (PMS), also known as petrol, across its retail stations in Abuja. The new price, which took effect recently, is₦1,040 per litre, down from₦1,060 per litre—a₦20 decrease. This price change was confirmed by DAILY POST reporters who visited several fuel stations in the Federal Capital Territory (FCT).At one of the NNPCL stations along Kubwa Expressway, a statio...

In a groundbreaking move to alleviate the financial strain on Nigerians during the holiday season, Dangote Refinery has announced a significant reduction in petrol prices.Effective immediately, petrol will be sold at ₦899.50 per liter, offering much-needed relief compared to previous rates. This price drop has generated widespread discussions, with many seeing it as a timely response to the ongoing economic challenges.The holiday season in Nigeria, a time marked by...