BREAKING: FG announces 30-day discount window on petrol sold by NNPC

The Federal Government says it is offering a discount on petrol sold by the Nigerian National Petroleum Company Limited (NNPCL) for the next 30 days.

This was made known by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, at a press briefing on fuel prices and subsidy questions on Thursday, October 8, 2026, in Abuja.

The minister emphasized that the discount is not a subsidy, but an arrangement by the government to sell the petrol at cost.

Oyedele said, “We are offering a discount on petrol dispensed by NNPC limited for the next 30 days in the first instance with priority for public transporters nationwide. So, it’s not a subsidy, government is just saying we sell to you at cost.”

More to follow…