The national president of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Elder Chinedu Okoronkwo, said the Association is 90 per cent
The CNG is expected to reduce, to a large extent, the country’s exposure to fuel importation as natural gas would not be imported.
“What we need the government to do is create the market. The demand is there,” the IPMAN president said.On what the CNG brings to the value-chain, he said, “I don’t know if you have seen what is trending this week where people with their I-pass-my- neighbour generators are beginning to use liquified petroleum gas. LPG is close to N700 per kilogramme, but this natural gas we are talking about is under N100 to N110.
“CNG does not replace PMS, but it is a choice. We are talking of something that will help your purse and not deepen it.” “If you compare CNG price at N110 per litre with petrol now at N540 or its former price of N185, still you will have a reduction,” he said. At the time, IPMAN said that it had partnered with Gas Analytics & Solutions Limited to co-locate natural gas dispensers on their network of over 30,000 filling stations in Nigeria.
“With all modesty NIPCO gas Limited is the only company with over 12 CNG get to get gas for motorist” he said.
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