Federal Govt offers 30-day petrol discount

The Federal Government has announced a 30-day discount on petrol sold through the Nigerian National Petroleum Company Limited (NNPCL), with public transport operators expected to receive priority under the arrangement.

The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, disclosed this on Thursday in Abuja during a briefing on petrol pricing and the Federal Government’s position on fuel subsidy.

Oyedele explained that the initiative should not be interpreted as a return to petrol subsidy, stressing that the government’s intention was to make the product available at cost for the period.

He said the measure would initially run for 30 days and would focus particularly on public transporters across the country.

“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.”

The announcement comes amid renewed concerns over the rising cost of petrol and its impact on transportation and household expenses across the country.

The minister did not immediately provide further details on the size of the discount or the mechanism through which eligible public transport operators would access the benefit.