PI-CNG&EV's Tosin Coker Assures No CNG Price Increase
The Presidential Initiative on Compressed Natural Gas and Electric Vehicle (PI-CNG&EV) has confirmed that there will be no increase in the price of Compressed Natural Gas (CNG) in Nigeria. This statement was made by Tosin Coker, the Chief Operating Officer of PI-CNG&EV, during a Media Parley in Kano.
Coker emphasized that CNG is abundant in Nigeria and is priced locally, contrasting with petrol, which is subject to international pricing and geopolitical factors. He noted that the price of petrol has been affected by crises, such as those in Iran, leading to fluctuations.
Coker reassured the public that the price of CNG should not rise in tandem with petrol prices and may even decrease due to increased competition in the market. He expressed optimism that in the future, Nigerians would widely adopt CNG, further driving down prices.
Plus234Feed summary based on reporting from Blueprint. Read the original report below.
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