PCNGi Launches CNG Pricing Framework to Meet Surging Demand
Written by Blessing Ajibuwa on June 18, 2025
The Presidential Compressed Natural Gas Initiative (PCNGi) has rolled out a concessionary autogas supply and pricing framework to stabilize pricing and enhance supply in Nigeria’s booming auto CNG market. This initiative aims to support Nigeria’s transition to sustainable transportation with expanded refueliFramework to Meet Surgingng infrastructure.
Key Highlights
– *Stabilizing Pricing*: The framework is designed to promote the adoption of CNG as a cleaner and more cost-effective alternative to traditional fuels. By providing a stable and predictable pricing structure, the initiative aims to encourage investment in the CNG sector and support the growth of the industry.
– *Surging Demand*: The demand for CNG has surged in recent times, driven by the need for cleaner and more affordable energy solutions. The PCNGi framework is expected to meet this demand and support the growth of the CNG market in Nigeria.
– *Sustainable Transportation*: The initiative is part of the Federal Government’s efforts to promote sustainable transportation and reduce the country’s reliance on fossil fuels. By expanding the use of CNG, Nigeria can reduce its carbon footprint and improve air quality.
Implications
The launch of the CNG pricing framework is a significant step towards promoting sustainable transportation in Nigeria. The initiative is expected to drive growth in the CNG market, create jobs, and improve the country’s energy security. As the demand for CNG continues to surge, the PCNGi framework will play a critical role in ensuring a stable and predictable supply of CNG in Nigeria.
