Marketers blame operational costs for CNG price hike
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It will be recalled that after fuel subsidy was removed in 2023, the Federal Government introduced the CNG programme to reduce the impact on Nigerians.
Nigerians are facing more challenges as the price of Compressed Natural Gas (CNG) has gone up in filling stations across the country.
Taofeek Lawal, spokesperson of NIPCO, confirmed the increase in an interview with DAILY POST on Wednesday.
The new price is now 380 per Standard Cubic Meter (SCM) for commercial vehicles and 450 per SCM for heavy-duty trucks. Before now, prices were 230 and 320, meaning the cost has jumped by about 65% and 40% respectively.
The increase affects all major CNG stations in Nigeria, including those operated by NNPC Limited, Greenfield, AYM Shafa, and NIPCO.
According to Lawal, the change was necessary because the old rates were no longer sustainable for operators. He said the new price will help cover operational costs and also encourage more investment in CNG infrastructure.
“The price adjustment applies everywhere—AYM Shafa, Greenville, NNPCL. For commercial vehicles it is 380, while truck drivers pay 450 per SCM,” Lawal explained.
Meanwhile, the price of petrol has remained steady for over a week, selling between 865 and 910 per litre in Lagos and Abuja.
It will be recalled that after fuel subsidy was removed in 2023, the Federal Government introduced the CNG programme to reduce the impact on Nigerians.
As of June 2025, the Presidential Compressed Natural Gas Initiative (PCNGI) announced that there are 65 CNG stations nationwide.
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