Parachoko:
Oil marketers are currently converting some of their trucks to start supplying gas to filling stations in order to dispense Compressed Natural Gas to vehicles that run on gas.

It was gathered on Thursday that about 800 tankers that formerly transported petrol to filling stations, were being converted by marketers to start moving gas to retail outlets.

The marketers also told our correspondent that they were now collocating CNG dispensing pumps in selected filling stations that dispensed Premium Motor Spirit, popularly called petrol.

They stated that the move gained momentum after the halt in PMS subsidy by the Federal Government, following the announcement by President Bola Tinubu, on May 29, 2023, that ‘subsidy is gone’.

The Federal Government had been pushing for the use of CNG by motorists, as against the widespread consumption of PMS. Gas, according to operators, was not only cheaper than subsidised petrol but was cleaner and very abundant in Nigeria.

The National President, Independent Petroleum Marketers Association of Nigeria, Chinedu Okonkwo, said, “Some of my members have started signing up to dispense gas at their stations, as well as the collocation of gas in their outlets. One of the major independent marketers has given over 500 of his trailers for conversion to transport gas to filling stations.”

He, however, pleaded not to name the owners of the stations, explaining that the dealers would not want to have their names in print at the moment, in order not to expose their businesses.

Explaining further, he said, “There are some new tankers too, over 300 of them have also indicated interest to have CNG (Compressed Natural Gas) trucks. These trucks are to serve filling stations that would be dispensing gas to vehicles.

“What we will do is collocate the gas dispensing plants in a plug-and-play model with existing filling stations. That is the beauty of it and that is why IPMAN is very keen on this project because there is no Local Government or ward in Nigeria today that you won’t see my members.

“We control over 80 per cent of the downstream oil sector. So it is an advantage for us. For if you are to build new gas or CNG stations, it will take a huge cost. But this collocation model has helped to reduce the exposure in terms of building new stations.”

The push for the conversion to gas usage in vehicles further gained traction on Wednesday when the Depot and Petroleum Products Marketers Association of Nigeria met with Tinubu at the State House and promised to provide 100 units of CNG/diesel-powered, 50-seater buses to ease mobility among the most vulnerable citizens.


The Managing Director, North-West Petroleum & Gas Company Limited, Winifred Akpani, who spoke for the group, had revealed at the meeting that the new locally-manufactured buses would cost N100m each and would run on gas.

Meanwhile, the IPMAN president also told our correspondent that marketers were being asked to pay additional amounts for petrol that was not supplied to them before subsidy on the commodity was removed.

He said the Nigerian National Petroleum Company Limited, the sole importer of the commodity, had asked oil marketers to make the payment, adding that the extra cost was between N13m and N14m.

According to him, “The other thing that is of concern to my members is that some of them paid for products over three months ago and have not loaded these products. And when the NNPC changed the cost of PMS recently, it is asking them to bring extra N14m or N13m; that is a problem.

“They (marketers) are saying that the NNPC should provide the products that were paid for before the price was increased. That is the challenge I have now. Some of these marketers were on the verge of loading before the price was increased.”

“But NNPC said everybody has to pay the new price because the product has not entered the trucks of those who paid the old rate. I have pleaded with the Vice President of NNPC to see what the company can do.”

The Group Chief Executive Officer, NNPCL, Mele Kyari, reacted to this during a recent television interview, where he stated that “the immediate adjustment is typical anytime there is a price adjustment, even for other commodities in the market.

“For instance, if you buy tomatoes today and the price changes, a businessman will sell the old stock at the new price. This is the reality of the market and it applies to every commodity and not just petrol.

“It also could have been the other way round, prices could have collapsed downwards and those holding the stock will have to sell at lower prices to arrive at the market condition.”

Kyari insisted that it was “really nothing strange,” adding that “it is a stock management issue and is very typical and no one can do anything about this.”

https://punchng.com/800-petrol-tankers-converted-to-supply-gas-marketers/

obembet:


We never belefu, and we can dey overfeed another country.

God bless Asiwaju Bola Tinubu

seunowa:

Jonathan is best described as an effeminate clueless buffalo

IntelligentGoat:
Jona was a weak president and a coward.

yemmight:
In less than a month in Government, Asiwaju has performed wonder.

figment232:
Which wonders..... i dont drive my car about again...i just park it at my office and use keke to move about

figment232:
WHAT ABOUT THE D-RU-G-G-I-E

SamboAnguissa:


Natural gas is methane though, which is cooking gas. I don't know if there are cars that run on gas, but the gas that cars use is a short form of gasoline, which is basically petrol. Americans call petrol gas.

DEXTROVERT:
I
Hope
It
Doesn't
Cause
Gas
To
Increase
In price
Due
To
Increase
Demands

Ofunaofu:


What did the notorious Narcotic drug trafficker engaging in criminal state capture do

Why did he oppose to its removal during Goodluck Jonathan regime

Dpen11:
That's business

Greatken007:
Sir they aren't talking about cooking gas here which is LPG (Butane/Propane) but natural Gas which is a component of methane gas..

Ofunaofu:


What did the notorious Narcotic drug trafficker engaging in criminal state capture do

Why did he oppose to its removal during Goodluck Jonathan regime

Ofunaofu:


What did the notorious Narcotic drug trafficker engaging in criminal state capture do

Why did he oppose to its removal during Goodluck Jonathan regime

SOSinNigeria:
SE is the new "Niger Delta". Imo State is the gas hub of Nigeria. Shell and Seplat are about to complete the biggest gas projects in Subsaharan Africa in Imo State. Then we will see if these bigots on the waste side that thrive on tribalism will abuse our resources with so much disdain like they did with the Niger Delta during the era of oil.

seunowa:

Do you think Tinubu is as clueless and myopic as Jonathan and buhari?. Tinubu is strong-willed, focus and can never be intimidated. You can call him whatever you like but he comes prepare.

Ofunaofu:


What did the notorious Narcotic drug trafficker engaging in criminal state capture do

Why did he oppose to its removal during Goodluck Jonathan regime

MarketDispatch:
When it is no longer worth it to smuggle petrol across the border

figment232:
Which wonders..... i dont drive my car about again...i just park it at my office and use keke to move about

Madmohamed123:
Nigerians are mugu the government just they use your brain because they know that you people are not thinking like a human being

Every year they come out whit this nonsense of removal of subsidy from #85 after Jonathan to #800
By next year they will say we will remove it again and the price will go up to #1600.

The question you Nigerians should ask is why are you still paying subsidy and the price of petrol is going up

Where is the money for subsidy going to

The fact is they don't want to tell you they removed subsidy immediately after buhari take over they just using it to uncles the petrol price

The government are working whit oil cabal's they know what they are doing.

They are using back door to increase the petrol price to avoid trick

Ofunaofu:


What did the notorious Narcotic drug trafficker engaging in criminal state capture do

Why did he oppose to its removal during Goodluck Jonathan regime

figment232:
Which wonders..... i dont drive my car about again...i just park it at my office and use keke to move about

seunowa:

Jonathan is best described as an effeminate clueless buffalo

figment232:
Which wonders..... i dont drive my car about again...i just park it at my office and use keke to move about

Ofunaofu:


What did the notorious Narcotic drug trafficker engaging in criminal state capture do

Why did he oppose to its removal during Goodluck Jonathan regime