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FG announces 30-day discount on petrol sold by NNPC

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17 minutes ago

October 9, 2026

Joseph Imo

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

The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, announced this at a press briefing on fuel prices and subsidy questions in Abuja today, October 8.

According to the Minister, the discount is not a subsidy, but an arrangement by the government to sell the petrol at cost.

“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.” he said

Watch Oyedele making the announcement below…

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Joseph Imo

I am a seasoned journalist known for my incisive reporting and unwavering commitment to journalistic integrity. As a key member of the nop.ng team, I specialize in delivering balanced coverage of socio political developments and cultural affairs throughout Nigeria. Driven by a passion for uncovering the truth regardless of the complexity of the issue I have established myself as a trusted voice in Nigeria’s dynamic media landscape, continually striving to empower my audience with clear, contextually rich news.