The NGC CNG Company says from January it will be sponsoring the conversion of one thousand taxis and maxi taxis from gasoline to CNG.
It explains that this promotion follows a highly successful, fully-subscribed tranche of conversions in June and July 2018, where five hundred taxi and one hundred and eighty maxi taxi owners were offered sponsored conversions on a first-come, first-served basis.
In a media release the company pointed out that successful applicants are currently being converted by government-approved licensed converters.
The recent price increase in super gasoline from TT$3.97/litre to TT$4.97/litre has made CNG an even more attractive fuel option for the motoring public at its price of TT$1/litre equivalent.
Based on the rate change, and positive feedback received from the transportation sector with respect to CNG’s performance and economics, The Board of Directors and Management of NGC CNG have agreed to sponsor a second tranche of conversions.
As obtained in the first tranche, NGC CNG will cover the conversion costs of successful applicants, up to TT$12,000.