Nigeria, Sept. 4 -- The Presidential Compressed Natural Gas Initiative (PCNGI) has dismissed a report suggesting that the federal government removed subsidy or increased prices on Compressed Natural Gas (CNG) in the country.

The PCNGI Brands and Corporate Communications Manager, Matilda Johnson, in a statement on Thursday, made this known in reaction to a report alleging that the cost of one standard cubic metre of CNG jumped from N230 to N450 as the federal government withdrew its subsidy.

In her statement, Ms Johnson said the claim is "incorrect" as no directive or policy has been issued by the federal government to alter CNG pump prices.

She added that the recent pump price adjustments announced by certain operators are purely priva...