News
Car Owners To Pay ₦250,000 To Convert Petrol-powered Cars To Use “Cheap Autogas” – FG
Federal Government (FG) says car owners in the country will have to pay ₦250,000 to convert their cars to run on autogas.
FG said car owners would get the conversion kits for free and would be allowed to pay within seven months.
The latest developments comes two months after Timipre Sylva said FG will do the conversion free of charge.
FG says car owners will pay ₦250,000 to convert petrol-powered cars to use cheap autogas.
The Federal Government (FG) says Nigerians willing to convert their petrol-powered cars to run on cheaper fuel “gas” will have pay an average of ₦250,000.
This was revealed Justice Derefaka, the Technical Adviser on Gas Business and Policy Implementation to Minister of State for Petroleum, Timipre Sylva, on Channels Television’s Sunrise Daily programme on Wednesday December 2.
The latest developments comes two months after Timipre Sylva said the conversion will be done free of charge by the government. Silva said the move will alleviate the sufferings of Nigerians affected by the increase in pump price of petrol.
When asked who would pay for the conversion and kits during the live program, Derefaka replied :
“Let me turn the question to you. Who owns the car?”
He went further to explain what that car owners would get the conversion kits for free and would be allowed to pay within seven months.
“The owner of the car basically will decide to say I want to run on autogas or CNG or LNG. And like the honourable minister had mentioned it as well, conversion basically has different strands. You can partner with your bank and then the bank will now agree with the conversion centre to say ‘Convert this our customer’s car for free.’ Not free in its entirety.
“But then you now go and convert your vehicle. What happens is that the installer will put some form of mechanism that each time you buy the gas, a certain amount will be deducted to pay for the conversion kits.”
He also explained that the conversion cost depends on the cylinder of the vehicle.
He said :
“The cost varies. So in terms of cost implication, it depends on the cylinder of the vehicle. And of course, for a typical SUV cylinder, it is a bit higher but on the average. It is around N200,000 to N250,000 and this is for a four-cylinder vehicle. But it becomes a little bit higher for a six-cylinder SUV vehicle.”
Derefaka also explained the benefits of converting petrol-powered to run on cheaper autogas.
“And that in its self has saved you the use of gas in lieu of petrol to about 45-50 per cent,”
“So, there is a huge cost-saving in that regard.”
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