The federal government says the Midstream and Downstream Gas Infrastructure Fund has invested over N287 billion in various gas infrastructure projects with 16 companies across 62 projects as of October
The Nigerian Midstream and Downstream Petroleum Regulatory Authority says the CNG conversion capacity increased by over 2,500 per cent in 2024.
“You can see the price disparity: some filling stations are selling at ₦1,050, NNPC Mega station is selling at ₦999, others are selling for ₦1,020, that is the real essence of deregulation,”
![Fuel queue at NNPC filling station [Credit: ThankGod Sabastine/Peoples Gazette]](https://gazettengr.com/wp-content/uploads/Screenshot_20230320-070535_WhatsAppBusiness.jpg)
The agency also warned residents in the state against panic buying and storing petroleum products at home.
NMDPRA also drew attention to the quality of sulphur produced in the Dangote refinery that it did not meet the required West African standard.
The minister promised that the engagement would be sustained to ensure a friendly environment for businesses to thrive.
Mr Cardoso said there are several causes for fuel bought into vehicle tanks to burn faster than usual.
“I drew the attention of the Senate and, of course, Nigerians to the constitutional breach,” said Mr Kawu.
NMDPRA officials visited over 50 filling stations during the inspection exercise.
IPMAN had received reports of damaged vehicles and industrial machines from members of the public as a result of suspected adulterated AGO.
