The use of Compressed Natural Gas in automobiles, when fully deployed, is going to be over 400 per cent cheaper than Premium Motor Spirit, popularly called petrol, oil marketers stated on Wednesday.
“That is what we are saying, and this is based on the current open market exchange rate, because we are not using the former official rate of the Central Bank of Nigeria, rather we are using the parallel market calculation. So floating the forex does not affect our calculations.”
He said, “We are talking with them. Government is a continuum. We are still talking with this new government and we hope the meeting between them and labour will yield desired results.
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