The Presidential Initiative on Compressed Natural Gas (P-CNGI) has distanced itself from reports that the Federal Government issued a directive to alter CNG pump prices nationwide.
TheNewsGuru.com(TNG)reports that Matilda Johnson, the Brands and Corporate Communications Manager, P-CNGI made the clarification in a statement issued to journalists on Thursday in Abuja.
According to Johnson, the Federal Government has assured that it will always remain significantly cheaper, cleaner and more affordable than Premium Motor Spirit (PMS) and diesel.
She also maintained that the recent pump price adjustments announced by certain operators were purely private-sector decisions and not the outcome of any government directive or policy.
The statement reads, “The P-CNGI wishes to address recent misleading and outright false reports suggesting that the Federal Government has removed subsidies or increased the price of CNG.
“This is incorrect.
“For absolute clarity: while pricing matters fall under the purview of the appropriate regulatory agencies, no directive or policy has been issued by the Federal Government to alter CNG pump prices.
“The mandate of P-CNGI, as directed by President Bola Tinubu, is to catalyse the development of the CNG mobility market and ensure the adoption of a cheaper, cleaner and more sustainable alternative fuel and diesel nationwide.
“So far, through the collaboration and commitment of relevant government agencies, the sector has witnessed monumental enthusiasm and growth.
“Our focus remains on deepening CNG penetration nationwide and encouraging broader private sector participation to ensure availability and affordability for all.”