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No Directive to Increase CNG Price

The Presidential Initiative on Compressed Natural Gas (P-CNGI) says no directive or policy has been issued by the Federal Government to alter CNG pump prices nationwide.

Matilda Johnson, Brands and Corporate Communications Manager, P-CNGI, said this on Thursday in a statement made available to the News Agency of Nigeria in Abuja.

Johnson re-echoed Federal Government’s assurance that CNG will always remain significantly cheaper, cleaner and more affordable than Premium Motor Spirit (PMS) and diesel.

The P-CNGI emphasised that the recent pump price adjustments announced by certain operators were purely private-sector decisions and not the outcome of any government directive or policy.

“The P-CNGI wishes to address recent misleading and outright false reports suggesting that the Federal Government has removed subsidies or increased the price of CNG. This is incorrect.”

“For absolute clarity: while pricing matters fall under the purview of the appropriate regulatory agencies, no directive or policy has been issued by the Federal Government to alter CNG pump prices.”

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