NGC CNG to sponsor conversion of 1000 taxis, maxi taxis from January
The NGC CNG Company Limited on Monday announced that it will be sponsoring the conversions of 1000 taxis and maxi taxis from January 2019.
In a statement, the company said this follow a highly successful, fully-subscribed tranche of conversions in June and July 2018, where 500 taxi and 180 maxi taxi owners were offered sponsored conversions on a first-come, first-served basis.
The NGC CNG Company Limited added that 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.
It said 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.
The company explained that as obtained in the first tranche, NGC CNG will cover the conversion costs of successful applicants, up to TT$12,000.
“A gasoline to CNG conversion takes 1-2 days and involves installing a CNG tank, tubing, regulator, injectors and electronic control unit (ECU), which work harmoniously with the vehicle’s existing fuel system.
It is important to note, however, that all vehicles will first need to be assessed by a government-approved, licensed converter for mechanical and electrical integrity as well as vehicle compatibility with the CNG kit before qualifying for any CNG installation,” the NGC CNG company explained.
The company added that motorists can save by making the switch.
“Motorists should consider that the average gasoline taxi owner can currently save more than TT$20,000 annually by switching to CNG.
A maxi taxi owner who converts from diesel can save approximately TT$32,000 annually, or approximately TT$64,000 if he or she upgrades to an Original Equipment Manufacturer (OEM) CNG maxi taxi,” it said.
The company is therefore urging the public to apply early to benefit.
This offer will be advertised nationally and will run until 1000 applicants are signed up.
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