Plans are said to be underway by the Federal Government to make provisions for alternative petrol - Compressed Natural Gas (CNG) – for the common man that will cost between N95 to N97 per litre.
Chief Timipre Sylvia, the Minister of State for Petroleum Resources, made this known to newsmen in Abuja on Thursday.
The former Bayelsa State governor, in his address, said that in a bid to reduce pump prices of the Premium Motor Spirit, plans have been mapped out for alternative fuel that will be cheaper for the common man on the streets.
He added that the process has undergone pilot project in Benin City where over 10,000 vehicles are already running on it.
With the latest move, the minister noted that the cost of fuel would be reduced to about N95 per litre.
“What we have decided is that we should try and give the masses an alternative. This will move the masses to CNG.
“That is transport vehicles for example, out of the PMS loop to be using the CNG. CNG cost less than the subsidised PMS. Per litre the subsidized rate of the PMS is N145 per litre.
Sylva, however, affirmed that Nigerians will never experience fuel scarcity again.