C.N.G. costs will be cut

Press, 1 September 1986, Page 8

C.N.G. costs will be cut

PA Wellington The compressed natural gas industry, badly hit by falling petrol prices and changes to the Government incentives scheme, has moved to cut the cost of converting cars to the fuel.

From this week new incentive schemes in most of the North Island will bring the cost of converting to C.N.G. to below $lOOO, and in some cases to $BOO. The price reduc-

tions will be phased in by the various gas utilities which will administer the new incentive scheme.

A spokesman for the C.N.G. Federation, Mr Ross Parker, said that while not all the gas utilities had yet decided to join the new scheme, he expected that “most if not all of them would come into it in one way or another.”

Initially the scheme will have regional variations,

with the conversion cost varying between $BOO and $9OO.

The Government loan scheme, which is available through Trustee Savings Banks, will continue until the industry sets up its own loan scheme. The Government and the industry are now negotiating to transfer the administration of the loan scheme from Government to industry control.