Oddbean

FG Makes Another Move To Help Filling Stations Begin Sale of Fuel Priced at N200 ========== The federal government of Nigeria is considering assisting independent fuel marketers in installing Compressed Natural Gas (CNG) pumps at filling stations. This move is part of the government's plan to accelerate the adoption of CNG, which is cheaper than petrol. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has ordered all filling stations to commence selling CNG. However, independent marketers have raised concerns about the high cost of setting up CNG pumps, citing the current high cost of borrowing from banks. They are requesting government assistance in obtaining loans at lower interest rates. In response, the government has stated that it will consider assisting the marketers if they need funding to install CNG pumps, as the return on investment for gas is significantly higher than that of petrol, gasoline, and diesel. The Nigerian National Petroleum Company Limited (NNPC) has also assured the public that it has over 1.5 billion litres of petrol in stock, enough to serve the country for the next 30 days. #Fuel #Cng #FillingStations #Nigeria #Government https://www.legit.ng/business-economy/energy/1593070-fg-move-filling-stations-sale-fuel-priced-n200/