Nigerians are facing increased costs for Compressed Natural Gas (CNG) as prices have risen across filling stations nationwide. According to Taofeek Lawal, spokesperson for NIPCO, a Nigerian petroleum products marketer, the price of CNG has increased to N380 and N450 per standard cubic meter for commercial vehicles and heavy-duty trucks, respectively. This represents a significant increase from the previous prices of N230 and N320.
The hike translates to a 65.22% rise, or N150 per standard cubic meter, for commercial vehicles, and a 40.63% increase, or N130 per standard cubic meter, for trucks. The price adjustment applies to all CNG stations in Nigeria, including those operated by the Nigerian National Petroleum Company Limited, Greenfield, AYM Shafa, and NIPCO.
Lawal attributed the increase to the need for investors in CNG stations to cover their operational costs, stating that the former pricing was not commercially viable. He explained that the price increase is necessary to stimulate investment in CNG stations and ensure their sustainability. The new prices are now uniform across all CNG stations, with NNPCL, Greenville, and other marketers selling CNG at N380 per standard cubic meter, and N450 for truck drivers.
The development comes as the price of fuel has remained relatively stable over the past week, ranging from N865 to N910 per liter in Lagos and Abuja. The federal government had introduced the CNG initiative in 2023, following the removal of fuel subsidies, as a measure to mitigate the impact on Nigerians. As of June 2025, the Nigerian government reported that there are 65 CNG stations operational nationwide, under the Presidential Compressed Natural Gas Initiative (PCNGI).
The price increase may have significant implications for commercial vehicle operators and consumers who rely on CNG as a cleaner and more affordable alternative to traditional fuels. The uniform pricing across CNG stations is expected to provide a level playing field for marketers, while also ensuring that investors can recover their costs and maintain the viability of their operations.
