CNG

Nigeria's daily petrol consumption dropped to 56.9 million litres in February from 60.2 million in January, as Dangote Refinery reduced gantry prices to N1,075/litre following crude's decline to $88/barrel.

The International Energy Agency is preparing its largest-ever strategic reserve release to counter oil price surges driven by Middle East tensions, while Nigeria grapples with gas shortages disrupting power generation and diesel price spikes threatening its generator-dependent economy.

President Tinubu ordered immediate nationwide distribution of compressed natural gas conversion kits as petrol and diesel prices surge past N1,000 per litre, intensifying pressure on transport operators and industrial users.

Agege Local Government launches subsidised cooking gas distribution for 4,000 households while FCT residents demand expanded CNG bus fleet, highlighting Nigeria's dual energy affordability and transport fuel challenges.

Nigeria's compressed natural gas initiative reports 30% fare reductions but infrastructure deployment lags behind government targets, exposing implementation gaps despite securing over $2 billion in private investment.