• NMDPRA puts litres of petrol supplied in June at 1.4 billion

The Compressed Natural Gas (CNG) initiative of the Federal Government has attracted about $980 million in investments in the past 18 months.The Chief Executive Officer of the Presidential Compressed Natural Gas Initiative (PCNGI), Michael Oluwagbemi, who disclosed this yesterday at the inauguration of the Portland Gas Ltd/NASENI CNG Daughter Station, Auto Conversion, and Training Centre in Abuja, said that companies like BUA and Nigerian Bottling Company have spent more than ₦720 billion on CNG trucks and over 100 water stations.

He stated that the number of CNG-powered vehicles in the country had risen from 4,000 to nearly 100,000, adding that users were enjoying up to 90 per cent savings compared to petrol.

According to the Executive Vice Chairman of NASENI, Mr Khalil Halilu, an average Nigerian driver spends over 40 per cent of their daily earnings on fuel, describing it as one of the highest fuel-cost burdens anywhere in the world.

Halilu noted that Nigeria’s energy transition could set a model for Africa where collaboration, innovation, and shared purpose drive the next chapter of industrial growth.

He observed that the facility, with its CNG conversion centre, training centre, and CNG gas refill station, is part of an ongoing commitment to the Renewed Hope Agenda of the President, adding that the vision for a diversified, sustainable, and industrially vibrant economy is clear.

In his remarks, the Chief Executive Officer of Portland Gas, Mr Folajimi Mohammed, observed that the PCNGI had subsidised conversion costs, making them free for members of NARTO, NURTW, Uber, and Bolt.

MEANWHILE, the Nigerian Midstream and Downstream Petroleum Regulatory Authority has reported that Nigeria consumed 1.48 billion litres of Premium Motor Spirit (petrol) in June, a sharp decline in the supply of the product compared to May.

According to the NMDPRA Director of Public Affairs, George Ene-Ita, the agency’s submission to the Federation Account Allocation Committee, “the total evacuation for June 2025 is 1,440,768,129 litres. The daily average reported is 48,025,604 litres.

The average was obtained by dividing the total volume of 1,440,768,129 by the number of days (30) in June.” In the latest figures in the report, PMS supply fell by 290.5 million litres, from 1.77 billion litres in May to 1.48 billion litres in June, representing a 16.42 per cent drop. Distribution (truck-out) volumes also plunged by 246.66 million litres, a 14.62 per cent decline over the same period.

While Automotive Gas Oil (diesel) supply rose marginally by 1.73 per cent to 432.18 million litres, its truck-out volume dropped by 23.23 per cent to 424.06 million litres.

Household Kerosene recorded a 13.07 per cent fall in both supply and distribution, while Aviation Turbine Kerosene suffered one of the steepest declines, as supply dropped by 47.96 per cent and truck-out by 16.54 per cent.

No supply or distribution of Low Pour Fuel Oil was recorded in June, compared to 116,401 litres in May. The NMDPRA noted that the detailed reports cover supply, distribution, monthly stock, and PMS truck-out to states for June 2025, and have been submitted for the committee’s consideration and adoption.