Buhari govt reveal plan to make fuel cheaper, reduce price to N97 per litre

The Federal Government has revealed plans to make fuel cheaper by providing alternative petrol known as Compressed Natural Gas, CNG, for the common man.

Minister of State for Petroleum Resources, Timipre Sylva disclosed that the proposed CNG will cost between N95 to N97 per kilogram.

Addressing newsmen in Abuja on Thursday, Sylva also promised that the Petroleum Industry Bill(PIB) will be passed before May 29, 2020.

He disclosed that CNG was undergoing a pilot project in Benin City where over 10,000 vehicles are already running on it.

According to Sylva, Nigeria will never experience fuel scarcity again with CNG.

He said: “What we have decided is that we should try and give the masses an alternative. This will move the masses to CNG.

“ CNG cost less than the subsidized PMS. The subsidized rate of the PMS is N145 per litre. CNG will cost about N95 to N97 per litre.”