President Bola Tinubu has introduced a major shift in Nigeria’s fuel market by allowing motorists to choose between purchasing petrol at N1,000 per liter or opting for the more affordable alternative of Compressed Natural Gas (CNG), priced at N200 per Standard Cubic Meter.

The announcement was made during a strategic meeting held on Tuesday with key executives of the Nigerian Independent Petroleum Company (NIPCO) at the State House in Abuja.

In a statement delivered by Bayo Onanuga, the president’s spokesman, Tinubu outlined the new direction aimed at providing Nigerians with more affordable fuel options.

“Motorists now have the choice to either buy petrol at N1,000 per liter or the equivalent in CNG for just N200 per Standard Cubic Meter.

We’ve also introduced incentives to help commercial drivers convert their vehicles from petrol to gas without any cost,” Tinubu explained.

The president also took the time to recognize the critical role NIPCO has played in the promotion of CNG as a viable fuel alternative.

He highlighted the company’s efforts in encouraging the shift from petrol to CNG, noting how it has contributed to reducing Nigeria’s dependence on petrol.

This move is part of a broader effort to help consumers save on fuel expenses while transitioning to a more sustainable energy source.

Tinubu’s administration is positioning CNG as a cleaner and more cost-effective alternative to petrol, with the potential to lessen the economic burden on everyday Nigerians.

By adopting CNG, the government hopes to cut fuel costs for consumers and reduce the environmental impact of petrol consumption.

Additionally, the incentives to convert commercial vehicles at no charge are designed to ease the transition for businesses that rely heavily on transportation, further promoting the switch to CNG across the nation.

This latest policy highlights the government’s commitment to addressing fuel price concerns and providing Nigerians with practical alternatives, while also advancing the country’s energy strategy toward greener solutions.