Ipman To Sell Petrol Alternative At N100/Litre

Nigerians will have alternatives to Premium Motor Spirit (PMS), otherwise known as petrol which will sell at N100 per litre.

According to the Independent Marketers of Nigeria, IPMAN on Thursday, the Compressed Natural Gas, CNG is 90% ready for consumption.

Disclosing this during a media chat, IPMAN National President Chinedu Okoronkwo said CNG will cushion the hardship effect of fuel subsidy removal.

Okoronkwo said, "Very soon, we will roll out. We are 90 per cent close to that, which will also unveil many possibilities."

He added, "IPMAN has brought relief to a lot of families. We have used our natural energy, CNG, to power vehicles, generators, and even cooking,"

CNG according to Okoronkwo already has a market as many Nigerians are acquainting themselves with CNG-powered vehicles.

Recall that the Federal Government ended fuel subsidization under President Bola Tinubu, leading to a hike in the price of fuel.

In response, the Nigerian National Petroleum Company Limited (NNPCL) released a new hiked petrol pump price across the nation.

See the list below.

Reacting to the development, the Nigeria Labour Congress, NLC rejected the new pump price. However, the Federal government has promised Nigerian palliatives to cushion the effect of the hiked fuel price across the nation.