Empty tanks: CNG queues turn cheaper fuel into costly ordeal
AI Executive Briefing
Verified Synthesis~238s readThe commercial bus driver said he sometimes travels to a CNG station in Magboro, Ogun State, where he waits through the night for his turn to buy the product. Queue at NNPC gas station at Agodi Gate, Ibadan The Federal Government-backed Presidential CNG Initiative had also provided conversion support for eligible motorists.
Context & Background
- ✦If there are more CNG stations, it can be better than this,” he said.
Key Figures & Named Entities
Saturday:“They said we should convert to gas; we have converted, and now to get the gas is a problem,” Adeoti told Saturday PUNCH.2023:Before you get it, you will wait for a long time.” President Bola Tinubu had, in May 2023, announced the end of the petrol subsidy, leading to the creation of the Presidential Compressed Natural Gas Initiative.2024:In June 2024, the Federal Government met with transport stakeholders in Abuja to roll out conversion subsidies, offering to shoulder 50 per cent of the conversion kit cost (between N600,000 and N750,000).
Outlook & Next Steps
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Key Takeaways
Verified Extract- The commercial bus driver said he sometimes travels to a CNG station in Magboro, Ogun State, where he waits through the night for his turn to buy the product.
- Queue at NNPC gas station at Agodi Gate, Ibadan The Federal Government-backed Presidential CNG Initiative had also provided conversion support for eligible motorists.
- If there are more CNG stations, it can be better than this,” he said.
Key Facts:Saturday: “They said we should convert to gas; we have converted, and now to get the gas is a problem,” Adeoti told Saturday PUNCH.2023: Before you get it, you will wait for a long time.” President Bola Tinubu had, in May 2023, announced the end of the petrol subsidy, leading to the creation of the Presidential Compressed Natural Gas Initiative.2024: In June 2024, the Federal Government met with transport stakeholders in Abuja to roll out conversion subsidies, offering to shoulder 50 per cent of the conversion kit cost (between N600,000 and N750,000).Saturday: Saturday PUNCH gathered that CNG is roughly 70 per cent to 75 per cent cheaper than petrol in Nigeria, making it a highly economical alternative despite recent price adjustments.
Editorial Excerpt
Nigerian motorists who converted to cheaper Compressed Natural Gas (CNG) now face long queues and limited refuelling stations, turning savings into a costl
Frequently Asked Questions About This Story
What is the latest development regarding Dapo Abiodun?
The commercial bus driver said he sometimes travels to a CNG station in Magboro, Ogun State, where he waits through the night for his turn to buy the product.
Who are the key organizations or public figures mentioned?
Queue at NNPC gas station at Agodi Gate, Ibadan The Federal Government-backed Presidential CNG Initiative had also provided conversion support for eligible motorists.
What timeline or key figures were confirmed?
“They said we should convert to gas; we have converted, and now to get the gas is a problem,” Adeoti told Saturday PUNCH.
