Installation of CNG pumps required for new licence, NMDPRA tells marketers

Farouk Ahmed, chief executive officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority , gave the directive during a meeting with suppliers of petroleum products on May 14 in Abuja.

Speaking to journalists after the meeting, Ahmed said potential retail licensees would now be required to establish a CNG point in their filling stations before receiving final approval from the government.“We also discussed the CNG revolution and our collective effort to ensure that we reduce the burden on the economy by having an alternative by having an alternative to PMS which is very costly especially due to exchange rate fluctuations and instability,” he said.

He added that the regulatory authorities plan to lessen the burden of the importation and consumption of petrol.

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