See the latest price for CNG as petrol landing cost rise

• A brand-new report reveals that CNG rates are in between N380 and N500 per basic cubic metre, however rates differ, and areas were not divulged
• CNG cost savings depend upon lorry conversion expenses, fuel performance and access to refuelling stations
• Gas landed at N1,253 per litre, N33 above Dangote Refinery’s ex-depot cost

Pascal Oparada is a reporter with Legit.ngcovering innovation, energy, stocks, financial investment, and the economy for over a years.

Nigerian vehicle drivers looking for remedy for increasing transport expenses now have fresh rates info to think about as petroleum online marketers launch brand-new rates for compressed gas (CNG), an alternative fuel getting attention throughout the nation.

The most recent figures from the Major Energies Marketers Association of Nigeria (MEMAN) reveal that CNG rates vary in between N380 and N500 per basic cubic metre (scm), providing vehicle drivers another choice as issues over fuel cost continue.

The figures were included in MEMAN’s Energy Bulletin outdated October 21, 2026, which supplies updates on advancements in Nigeria’s downstream energy market.

The association did not determine the filling stations or places covered by the costs, making it challenging to develop whether the rates use evenly throughout the nation.

New CNG costs use drivers options

According to MEMAN, vehicle drivers utilizing CNG-powered automobiles presently deal with costs varying from N380 to N500 per basic cubic metre.

The N120 distinction in between the most affordable and greatest reported costs highlights variations within the emerging market.

CNG is significantly thought about an option to traditional petroleum items, its cost depends on a number of aspects beyond the marketed pump cost.

These consist of lorry fuel performance, conversion expenses, driving ranges and access to refuelling centers.

Drivers can not identify their real cost savings by comparing CNG costs straight with gas costs, given that both fuels are determined in a different way.

A more dependable evaluation would compare the expense of taking a trip the exact same range utilizing each fuel.

Fuel landing costs shape fuel dispute

The current CNG prices info comes amidst continuing conversations about gas import expenses, domestic refining and the cost of transport fuels.

Dangote Refinery’s growing function in domestic fuel production has actually likewise heightened attention on the relationship in between in your area improved fuel and imported petroleum items.

MEMAN’s reported CNG figures do not offer the existing landing expense of imported gas or Dangote Refinery’s matching ex-depot cost.

Without those figures, it is difficult to develop whether imported fuel presently costs more than the refinery’s item.

The more comprehensive rates dispute highlights why alternative fuels stay appropriate to drivers and transportation companies looking for to handle operating expenditures.

CNG refuelling facilities stays a significant obstacle

In spite of the possible advantages of CNG, access to refuelling facilities stays a substantial factor to consider for potential users.

Unlike traditional fuel stations, CNG giving centers are not yet similarly available throughout Nigeria.

For business transportation operators, the schedule of refuelling stations along recognized paths might figure out whether changing to gas is commercially useful.

Car owners should likewise think about the preliminary cost of transforming petrol-powered cars or acquiring CNG-compatible designs.

Upkeep requirements, refuelling time and reputable gas supply might even more affect adoption.

Transportation operators examine prospective CNG cost savings

For fleet operators, lower fuel costs alone do not always equate into lowered service expenses.

Business need to evaluate conversion costs, lorry performance, upkeep commitments and possible functional interruptions before changing fuels.

A company operating lorries on paths with available CNG stations might deal with various expenses from another whose cars take a trip through locations with minimal refuelling facilities.

Such distinctions make private expense evaluations important.

Online marketers highlight requirement for transparent prices

The most recent MEMAN publication supplies a beneficial criteria for keeping an eye on CNG costs, however more comprehensive details would assist customers make notified choices.

Publishing costs by place and giving station might enhance openness while enabling drivers to compare offered choices.

Eventually, larger CNG adoption will depend upon competitive prices, trustworthy supply, available facilities and customer self-confidence.

For Nigerians dealing with consistent transport expenditures, the emerging market provides another fuel alternative, although the level of prospective cost savings will depend upon specific scenarios.

Fuel landing expense increases

MEMAN information exposes that gas landing expense increased greater than Dangote Refinery’s rate by N33 per litre.

According to the information, PMS landed at N1,253 per litre, while Dangote’s ex-granty rate stayed at N1,210 per litre.

Professionals have actually associated the space to the constant accessibility of fuel at the Dangote Refinery.

“Now, importers are significantly resorting to purchasing from Dangote Refinery instead of importing. The present high unrefined oil costs has actually triggered foreign refiners to trek their rates,” Adeola Yusuf, energy policy expert, informed Legit.ng on a telephone call.

FG gets rid of aid on CNG

Legit.ng formerly reported that the federal government has actually gotten rid of the aid on Compressed Natural Gas (CNG), stimulating a rise in rates throughout the nation.

Merchants validated that the expense of one basic cubic metre (SCM) of CNG has actually climbed up from around N220– N230 to as high as N420– N450, depending upon the lorry type and station.

Source: Legit.ng