News

NEWSFederal Government plans to reduce price of petrol to N97 per litre

The Federal Govenment announced that it is working to provide an alternative fuel called Compressed Natural Gas (CNG) which will cost about N95 to N97 per litre.

The Minister of State for Petroleum Resources, Timipre Silva on Thursday, January 16, 2020 in Abuja, announced the plan to introduce a cheaper and alternative fuel, when he was asked by reporters whether the government would reduce the pump price of the Premium Motor Spirit (PMS) to make it more affordable.

According to TheNation, the minister said the CNG has undergone a pilot project in Benin City, where over 10,000 vehicles are already running on it.

Leave a Reply

Your email address will not be published. Required fields are marked *