It costs about N400,000 to convert petrol car to CNG

There are growing concerns over efforts by Nigerians to adopt alternative automotive fuel as the current conversion statistics for various categories of vehicles from petrol to Compressed Natural Gas (CNG) have has been described as outrageous and likely to complicate government’s efforts in addressing the rising cost of pump price of Premium Motor Spirit (PMS), also called petrol. 

From the data obtained by our correspondent, conversion of petrol vehicles of 1.6 litre engine would cost between N300,000 and N400,000 while tricycles with 4 Stroke Engine will cost between N100,000 to N200,000.

However, lorries and vans will cost as high as N1.8 million while 4 Stroke Petrol generator engines will cost about N90,000.

On the economic scale, a converted petrol vehicle can only consume N40 per kilometre which saves the owner 40 per cent, while a tricycle consumes N10 per kilometre with savings of between 50-75 per cent against petrol while a converted truck consumes N360 per kilometre.

The document suggests a palliative package of N200 billion to support conversion of one million vehicles, N200 billion to convert two million tricycles and about N250 billion for five million power generating sets.

Peoplesmind