Tinubu Plans Distribution of Cheap Fuel as Cost of Powering 7.5KVA Generator Increases to N1,050/hour
President Bola Tinubu has started putting structural measures in place to make cheap fuel available through compressed natural gas (CNG) and liquified natural gas (LPG) to stem the effects of the subsidy removal.
Mele Kyari, the Chief Executive Officer of the Nigerian National Petroleum Company Limited, revealed this after a meeting with Tunubu on Wednesday, June 14, 2023.
Kyari stated that the plans would roll out soon and that the structural plan was part of the palliative measures for Nigerians.
Channels Television said that Kyari revealed that there was already an ongoing rehabilitation exercise in Nigeria’s refinery, which would be unveiled soon.
The development comes as a Nigerian energy firm provided insights into how a gas-powered generator operates.
The company said it is feasible to power a 7.5kVA generator by connecting it to a 12.5kg gas cylinder, using a conversion kit.
The company revealed that there is a substantial cost and consumption rate difference using a 12.5k gas cylinder and petrol to power a 7.5kVA generator, which can provide up to 15 hours of electricity at a cost of N500 per hour
In contrast, 7.5kVA petrol-powered generator can provide 14 hours of electricity at the cost of N1,050 per hour.
It shows that using gas as a fuel source for generators in Nigeria is more cost-effective by halving the cost of petrol per hour.
Petrol prices have since skyrocketed since Nigeria suspended its petrol subsidy regime with a litre of petrol selling for over N500 and as high as N7500 per litre in some places.