Amid long queues and insufficient refilling stations, the cost of one standard cubic metre of Compressed Natural Gas has jumped from N230 to N450. Our correspondent gathered from retailers that the government reviewed the price recently to N450, reducing its subsidies. However, while trucks pay N450/SCM, car drivers and commercial drivers still enjoy some subsidies, as they pay N380 for one standard cubic metre of what the government calls a cheaper alternative to petrol and diesel. The Programme Director of the Presidential Compressed Natural Gas Initiative, Michael Oluwagbemi, did not…
Read More‘N230 To N450/Scm;’ CNG Price Skyrockets As Govt Withdraws Subsidies
