Petrol Marketers Reveal Plans to Roll Out Cheap Fuel at N100 Per Litre.

Nigerian Petrol Marketers are planing To Roll Out Cheap alternative to fuel which will be sold at N100 Per Litre Before the End of June.

The chairman of Independent Petroleum Marketers Association of Nigeria (IPMAN) Chinedu Okoronkwo has stated that the association is ready to start rolling out cheap fuel for Nigerian citizens.

According to the chairman, the petroleum body, will start rolling out Compressed Natural Gas at N100 per litre to eleivaite the suffering of Nigerians, at the time of writing this report , fuel sells at a whooping 530 per litre in most fuel stations, this price hike has affected the cost of living for many Nigerians but with this latest development Nigerians may experience better days ahead.

Mr Chinedu noted that the association is 90% ready to roll out the compressed natural gas as an alternative fuel, and hopes that this will become a reality before the end of June.

the ipman chairman told Channels Television, that the compressed natural gas is going to help reduce Nigeria’s energy consumption costs.
“Very soon, we will roll out. We are 90 per cent close to that, which will also unveil many possibilities.” he said.

According to the chairman, the adoption of compressed natural gas -powered cars has started gaining speed nationwide due to increased awareness about their efficiency and affordability, he stated that it is more efficient and energy saving.

“When you check what the impact will be, it will reduce the cost of food because people coming from the hinterlands bring food to the cities. From Kano, it takes them about N1.2 million to fuel trucks with diesel, but with this CNG, it will cost them about N150,000 to N200,000. About a million naira is saved, which will translate to cheaper food and open up a lot of other businesses.

He went further to say that “It will provide cheaper energy to drive the processing zones like the agro-based industries, where the gas will also create a lot of impacts. “CNG does not replace PMS, but it is a choice. We are talking of something that will help your purse and not deepen it.” CNG would be a game changer for Nigerians as it will be the best palliative instead of sharing money.

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