The Federal Government (FG) has said the switch from the use of Premium Motor Spirit, widely known as petrol, to autogas, will save about N1.84tn monthly for commercial vehicle operators in the country.
In a document put together by the Nigerian Institute of Transport Technology (NIIT), FG explained that a typical commercial Uber car could save N274,176 monthly by running on autogas alone without petrol.
The document, titled, ‘Autogas Conversion – NITT Initiative and Strategy’ said autogas fuel, which could be Liquefied Petroleum Gas or Compressed Natural Gas, is a mixture of hydrocarbons that changes from a gaseous to liquid state when compressed at moderate pressure or chilled.
In the report, the transport institute stated that about 12 to 20 million vehicles were in Nigeria, adding that 57 percent of them were for commercial purposes.
“Taking the lowest figure of 12 million vehicles, 57 percent of this number is 6,840,000. When multiplied with the over N270,000 which a typical commercial Uber car could save monthly if run on autogas, it implies that the 6.84 million transporters could save about N1.84tn every month if they run their vehicles on autogas,” the report stated.
The NITT noted that with the deployment and usage of autogas, the cost being spent by motorists on petrol was going to drop significantly.
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