Vehicle owners to pay N250,000 to convert from petrol to autogas —FG
- Thu Dec 03 2020
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The federal government has disclosed to the public that vehicle owners will pay a fortune up to N250,000 to covert their vehicles from petrol to autogas. This announcement was made Wednesday Dec 2, 2020, by the Technical Adviser on Gas Business and Policy Implementation to Minister of State for Petroleum, Justice Derefaka, while on Channels Television’s Sunrise Daily which crack team naija monitored————> Derefaka while stating the conversation will take a maximum 7hours period to complete, also said that vehicle owners will have a separate payment plan for their conversion, in his own words, 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. 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.” —————> , “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 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 you now go and covert 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.” —————> Why trying to dismiss the notion by many Nigerians that the fees is too high, the ministerial aide explained that the payment can be on installments, within the period of 5 or 7 months, noting that the conversion will save up to 45-50% cost associated with petrol.