The Minister has clarified that the new PIB seeks to commercialize the NNPC rather than scrap it.
FG is finding ways by which gas will become the preferred fuel for cars instead of petrol.
The Minister noted that the removal of fuel subsidy will save Nigeria up to a trillion every year.
The FG said it will protect Nigerians who can’t afford to pay cost-reflective tariffs from increases.
Autogas to be dispensed into automobiles are Liquefied Petroleum Gas, Compressed Natural Gas, others.
The codes were introduced in a bid to deepen the embrace, acceptability, and utilization of gas.
LPG penetration nationwide would help the country reach its supply for the LPG value chain.
The Minister said it was unrealistic for the government to continue with the subsidy regime.
While denying the allegation, NCDMB described it as spurious, malicious, and a piece of fake news.
‘’Anywhere in the world, if you want to buy anything, you have what is called the recommended retail price, the consumer protection agency would fix a...