The Presidential Initiative on Compressed Natural Gas (P-CNGI) has dismissed reports suggesting that the Federal Government ordered an adjustment in compressed natural gas (CNG) pump prices across the country.

In a statement released on Thursday in Abuja, Matilda Johnson, Brands and Corporate Communications Manager of P-CNGI, clarified that no directive or policy had been issued to alter pump prices.

“The P-CNGI wishes to address recent misleading and outright false reports suggesting that the Federal Government has removed subsidies or increased the price of CNG. This is incorrect,” she said.

Johnson reaffirmed the government’s commitment to keeping CNG significantly cheaper, cleaner, and more affordable than Premium Motor Spirit (PMS) and diesel. She stressed that recent price adjustments announced by some operators were strictly private-sector decisions and not linked to government policy.

“For absolute clarity: while pricing matters fall under the purview of the appropriate regulatory agencies, no directive or policy has been issued by the Federal Government to alter CNG pump prices. The mandate of P-CNGI, as directed by President Bola Tinubu, is to catalyse the development of the CNG mobility market and ensure the adoption of a cheaper, cleaner, and more sustainable alternative fuel and diesel nationwide,” she explained.

She noted that the initiative has already attracted close to one billion dollars in private-sector investment, reflecting growing confidence in the sector’s potential.

“Our focus remains on deepening CNG penetration nationwide and encouraging broader private sector participation to ensure availability and affordability for all,” Johnson added.

It will be recalled that some private marketers recently raised CNG pump prices to ₦380 per Standard Cubic Metre (SCM), up from ₦230.