The Presidential Fiscal Policy and Tax Reforms Committee has clarified that household energy products like kerosene, cooking gas (LPG), and compressed natural gas (CNG) are exempt from the proposed 5% fuel surcharge under Nigeria’s new tax law. Key Clarifications: The surcharge only applies to certain fossil fuels and does not include kerosene, LPG, CNG, or […]
The Presidential Compressed Natural Gas Initiative (PCNGI) has formally refuted claims that the federal government removed subsidies or directed an increase in Compressed Natural Gas (CNG) pump prices, clarifying that recent price hikes are the consequence of decisions made by private operators. Matilda Johnson, PCNGI’s Brands and Corporate Communications Manager, emphasized: “For absolute clarity: while […]
The Federal Government has officially implemented a uniform retail price of ₦380 per Standard Cubic Metre (SCM) for Compressed Natural Gas (CNG) in Lagos and Abuja, effective from September 1, 2025. This harmonization brings both major cities in line with the pricing already adopted nationwide. Context & Background Previously, CNG prices in Lagos and Abuja […]