Nigeria announces 30-day petrol discount amid political debate and questions over cost

The Coalition of Citizens Groups for Good Governance has commended Bayo Ojulari, group chief executive officer of the Nigerian National Petroleum Company Limited (NNPCL), over the planned 30-day petrol discount, describing it as a move to ease the burden of high fuel prices on Nigerians.

Former Vice President Atiku Abubakar has demanded transparency from the Nigerian National Petroleum Company Limited (NNPC Limited) over the funding and implementation of its recently announced 30-day petrol discount.According to a report by Nigerian Tribune on Saturday, October 10, 2026, the African Democratic Congress (ADC)...

​Arise News Television presenter Rufai Oseni has explained why he considers the Federal Government’s recent petrol price discount a reintroduction of fuel subsidy.DAILY POST reports that the Federal Government, on October 8, announced a 30-day petrol price discount at Nigerian National Petroleum Company Limited (NNPCL)...

​Arise News Television presenter Rufai Oseni has explained why he considers the Federal Government’s recent petrol price discount a reintroduction of fuel subsidy. DAILY POST reports that the Federal Government, on October 8, announced a 30-day petrol price discount at Nigerian National Petroleum Company Limited (NNPCL) filling stations nationwide. The move has attracted criticism from […] Arise TV’s Rufai Oseni explains why Tinubu’s petrol discount is fue subsidy [VIDEO] 

Former VP Atiku Abubakar questions Tinubu's ₦66 petrol discount, raising concerns over NNPC board approval, access to relief and the cost to the company.

Former Vice-President Atiku Abubakar has questioned the Bola Tinubu administration’s decision to announce a ₦66-per-litre petrol discount through the Nigerian National Petroleum Company Limited (NNPC Ltd), demanding clarification on the company’s board approval, the cost of the initiative and its implications for corporate governance.

The presidential candidate of the African Democratic Congress, ADC, and former Vice President, Atiku Abubakar, has described the Nigerian National Petroleum Company Limited, NNPCL, as President Bola Ahmed Tinubu’s “campaign money cashier”. He made the remark in a statement issued at the weekend by his spokesperson, Phrank Shaibu. Atiku questioned whether NNPCL was still operating […] Fuel discount: Atiku accuses Tinubu of turning NNPCL into campaign money cashier

An aide to former Vice President Atiku Abubakar, Paul Ibe, has challenged the Federal Government’s explanation that its petrol discount programme through NNPC Retail does not involve public money.In a statement addressed to the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms,...

Former Vice-President Atiku Abubakar has accused President Bola Tinubu of copying his proposal on petrol subsidy but limiting the measure to a 30-day discount. Atiku, presidential candidate of the African Democratic Congress (ADC), spoke in Abuja on Friday at the inauguration of the party’s presidential campaign council. “Bola, you have borrowed the idea but missed the lesson. You had a production subsidy and reduced it to a 30-day gesture,” Atiku said. “Bola, you are like a dull student who copied his classmate’s answer. And you have done it so blindly that the classmate’s name was at the top of his exam paper, and then demanded marks for original thinking.  “You copied my production subsidy proposal. Nothing wrong about that. [You] stripped away the part that makes it work and handed Nigerians a 30-day discount. Where is the rest of the answer? Bola, please, you see why it is good to go to school.” The ADC presidential candidate said Tinubu had previously described him as ignorant of economic policy when he proposed targeted support to reduce fuel costs. Atiku added that the Tinubu administration had dismissed the proposal as unworkable.  “Now in a desperate and clumsy retreat, you have shamelessly embraced the principle you mocked,” Atiku said. “You owe me an apology.” Atiku’s comments came a day after the federal government announced a 30-day petrol discount at filling stations operated by the Nigerian National Petroleum Company (NNPC) Limited. Taiwo Oyedele, minister of finance, announced the measure at a press conference in Abuja on Thursday.  “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,” he said. Oyedele said public transport operators would be prioritised, adding that the measure was not a subsidy but an arrangement for the government to sell petrol at cost. He also said the government was considering forward sales of crude oil to domestic refiners to ease economic pressure on households. “Pump prices do not have to follow every swing in global crude prices or the exchange rate. The government is negotiating a ceiling price of N1,350 a litre on the ex-gantry, or the landing cost of petrol, to keep fuel prices stable.”   Oyedele said the price would be reviewed monthly.

The Minister of Finance, Taiwo Oyedele, has made five key clarifications regarding the recent announcement of a fuel price discount at Nigerian National Petroleum Company Limited, NNPCL, filling stations.   In a statement he personally signed on Friday, Oyedele said the discounted petrol price of N1,350 per litre at NNPCL filling stations does not amount to a return of fuel subsidy.   According to him, no public funds would be used to cover the discount at NNPCL filling stations.   See the full statement below: Since October 1, 2026, motorists have been paying less for petrol at NNPC Retail Limited stations following a discount on the company’s retail margin. We welcome the relief this brings to households, commuters and transporters.   Some commentators have described the discount as a return of fuel subsidy. That is not correct. Here, plainly, is what the discount is and what it is not.   1. A Margin Discount and a Subsidy Are Not the Same   Every marketer adds a margin to the price it pays for the fuel it sells. A margin discount means the retailer chooses to take a smaller margin, or no margin at all for a period, and passes the savings on to the customer. The cost of the discount is borne by the retailer alone.   A subsidy is different. It is when the government pays part of the price the consumer would otherwise pay. That money comes from public revenue — funds that would otherwise go to salaries, schools, hospitals and infrastructure. That is the regime this administration ended in 2023, and it is not coming back.   2. No Public Money Pays for the Discount   The discount is not funded by the federal budget or the Federation Account. NNPC Retail buys petrol from the Dangote Refinery and other suppliers at market prices and on commercial terms, then adds its retail margin to determine the pump price. The discount comes out of that margin alone, so the discounted pump price remains market-reflective.   This is quite different from crude oil owned by the Federation. Selling the nation’s crude below market price would amount to a subsidy because the shortfall would be borne by public revenue.   3. NNPC Retail Is Doing What It Was Set Up to Do   NNPC Retail Limited, a wholly owned subsidiary of NNPC Limited, began operations over 20 years ago as a petroleum marketing and retail company. It was established to ensure the nationwide availability, distribution and affordability of refined petroleum products.   Its purpose, in other words, is to keep products available across the country and moderate retail prices, not necessarily to maximise retail profit. It has historically sold fuel at prices below those of other marketers. The current discount continues that role, and it is a commercial decision that any retailer is free to make.   4. The Discount Is Not Expected to Reduce Federation Dividends   Some have asked whether a lower margin means lower profits for NNPCL and, consequently, lower dividends to the Federation. It need not. A smaller margin or a temporary zero margin on each litre can be more than offset by selling more litres over time. A discount can also build customer loyalty that lasts well beyond the discount period itself.   Together, these factors can increase NNPC Retail’s profits and the dividends paid to the Federation — a win-win for consumers and the government. Margin discounts are a routine commercial strategy used by retailers around the world.   5. The Discount Will Not Distort the Market or Encourage Smuggling   The retail margin on petrol is less than 5 per cent of the pump price. A discount within that margin cannot meaningfully widen the gap between prices in Nigeria and those in neighbouring countries, where petrol already costs 20 to 40 per cent more.   It therefore creates no new incentive for smuggling and causes no distortion of the kind that subsidy regimes produced in the past.   The Bottom Line A subsidy uses public money to lower the price of fuel. The NNPC Retail discount lowers the price without spending public money, and it can strengthen NNPC Retail’s business at the same time.   We recognise that fuel prices continue to weigh on households and businesses. The discount is one of several measures the government is pursuing to ease that burden, alongside the expansion of CNG transport, the waiver of taxes and duties on petrol, and the removal of illegal levies that inflate transport costs.   Each measure is designed to bring relief without returning Nigeria to a subsidy regime that the country can no longer afford.   Taiwo Oyedele Honourable Minister of Finance and Coordinating Minister of the Economy

NNPC will sell petrol at cost for 30 days as Nigeria weighs a ₦1,350 landing-cost ceiling and relief, without restoring blanket fuel subsidies amid shocks.

The Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, has revealed why the Federal Government’s proposed fuel discount may not be implemented efficiently. Speaking during an interview on Arise Television on Friday, PETROAN President Billy Gillis-Harry said the limited number of Nigerian National Petroleum Company Limited, NNPCL, retail outlets could restrict the reach of […] PETROAN reveals why fuel discount may not work

The Federal Government-powered 30-day petrol discount at Nigerian National Petroleum Company Ltd. (NNPCL) filing stations is off to a slow start across the states, with mixed reactions from Nigerians on the palliative measure.The discount comes with a ceiling of N1350 per litre on petrol landing...

Motorists must download the NNPC mobile app to get the N66/litre petrol discount, as the company extends the offer and may forgo N4.6bn in revenue. Read More: https://punchng.com/petrol-nnpc-restricts-discount-sales-may-forgo-n4-6bn/

*Only at NNPC filling stations; Plans forward crude oil sale to domestic refiners; To invest in National Strategic Fuel Reserve; Says FG didn’t devalue Naira; NNPC discount measure for petrol has Tinubu’s backing — Presidency; What happens on Day 31?

The Nigerian National Petroleum Company Limited (NNPCL) will sell petrol at landing cost for the next 30 days, dropping its retail profit margin to cushion Nigerians from global crude price shocks.NNPC Retail, already offering the lowest pump price, will match its landing cost ,for example...

The Federal Government has announced that the Nigerian National Petroleum Company Limited (NNPC) has agreed to forgo its petrol retail profit margin and sell the product at cost as part of broader efforts to cushion the impact of global oil price shocks on Nigerians, particularly...

Petrol prices at Nigerian filling stations remained at N1,370 per litre after the Federal Government proposed a discounted price of N1,350 per litre.A market survey by DAILY POST on Friday showed that NNPCL retail outlets in Abuja and its environs were dispensing petrol at a...

Petrol prices at Nigerian filling stations remained at N1,370 per litre after the Federal Government proposed a discounted price of N1,350 per litre. A market survey by DAILY POST on Friday showed that NNPCL retail outlets in Abuja and its environs were dispensing petrol at a flat rate of N1,370 per litre. DAILY POST reports […] Petrol discount: NNPCL filling stations’ fuel pump price update

According to reports by New Telegraph on Friday October 9, 2026, the Federal Government has announced a 30-day petrol discount through the Nigerian National Petroleum Company Limited. Finance Minister Taiwo Oyedele stated that public transport operators will receive priority under the temporary relief measure.The announcement...

The Africa Democratic Congress, ADC, presidential candidate, Atiku Abubakar, has likened President Bola Tinubu to a dull student who copied his classmates answers. Atiku made the remark in further reaction to the 30-day fuel price discount announced by the federal government. Recall that the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, […] Fuel price discount: ‘Dull student who copied classmate’s answer’ – Atiku attacks Tinubu

Paul Ibe, media adviser to former Vice-President Atiku Abubakar, has criticised the Federal Government’s 30-day petrol price reduction initiative, arguing that it would not provide adequate relief to Nigerians because of the limited reach of NNPC retail outlets.Ibe, who disclosed this in a post on...

The Federal Government has announced a temporary petrol discount arrangement through NNPC retail stations, raising expectations among motorists and transport operators who have been struggling with high fuel costs.According to reports by Channels Television and Punch Newspapers on Thursday, October 8, Finance Minister Taiwo Oyedele...

The Nigerian National Petroleum Company Limited (NNPC) has said its decision to extend a petrol discount at its retail outlets nationwide is intended to provide relief to Nigerians amid rising fuel prices and does not represent a return to the petrol subsidy regime.The company said...

Petrol prices at depots in Lagos, Port Harcourt and Calabar dropped to N1,350 per litre as the federal government proposed a price cap, NNPC offers a discount.

TINUBU’S 30-DAY FUEL DISCOUNT IS A PANIC-DRIVEN PUBLICITY STUNT-ATIKU Former Vice President Atiku Abubakar has condemned the Federal Government’s proposed 30-day fuel discount at NNPC stations, describing it as a desperate, temporary gesture that cannot repair the damage caused by the crushing cost of fuel. In a statement issued by Phrank Shaibu, Director of Strategic […] The post “Tinubu’s 30-Day Fuel Discount Is Panic-Driven Publicity Stunt” – Atiku appeared first on Information Nigeria.

Many motorists, commuters, and stakeholders have expressed mixed reactions following the Federal Government’s announcement of a 30-day petrol discount at the Nigerian National Petroleum Company Ltd, NNPCL, filling stations. The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele on Thursday announced the discount on petrol prices and subsidy-related issues in Abuja. Oyedele […] Govt must explain savings from fuel subsidy removal – Nigerians react to FG’s petrol discount

Activist lawyer, Deji Adeyanju, has said the African Democratic Congress, ADC, presidential candidate, Atiku Abubakar, has made President Bola Tinubu, the Federal government, and the All Progressives Congress, APC, afraid. Adeyanju said Atiku made Tinubu, APC, and the federal government afraid over the issue of fuel subsidy. Recall that the Minister of Finance and Coordinating […] Fuel discount: How Atiku made Tinubu, APC, FG afraid – Adeyanju

 Paul Ibe, media aide to former Vice President Atiku Abubakar, has accused President Bola Tinubu’s administration of returning to an opaque petrol subsidy regime through its 30-day petrol discount initiative.   Ibe argued that the initiative would not address Nigeria’s nationwide petrol affordability crisis because it was limited in duration and restricted to a small section of the country’s filling stations.   DAILY POST reports that the Tinubu administration announced a 30-day petrol discount at NNPC filling stations amid concerns over rising fuel prices and the cost of living.   In a statement posted on X on Friday, Ibe said Nigerians needed cheaper petrol across the country rather than a temporary discount available only at selected outlets. “You cannot solve a nationwide affordability crisis with a narrowly targeted discount. Nigerians need cheaper petrol everywhere, not cheaper petrol somewhere, and certainly not for just 30 days,” Ibe wrote.   He added, “From every indication, Tinubu is walking back to the opaque subsidy regime that he claimed was gone for good.”   The Atiku aide accused the Tinubu administration of prioritising arguments over whether the intervention should be described as a subsidy or a margin discount rather than addressing the hardship caused by high petrol prices.   Ibe, however, welcomed any genuine reduction in petrol prices, insisting that relief must be fair, accessible and sustainable.   To support his argument, he cited Nigeria’s estimated 22,681 filling stations, noting that the Nigerian National Petroleum Company Limited (NNPC) operated more than 900 outlets, representing roughly four per cent of the nationwide retail network.   He also cited an estimated 17 per cent retail market share for NNPC in 2024, arguing that the company’s network was insufficient to deliver meaningful relief to Nigerians nationwide.   Ibe further referenced an NNPC report for July 2026, which he said showed petrol availability across its retail network at 52 per cent.   He questioned how the government intended to ensure nationwide access to the discount, particularly for Nigerians living in communities without NNPC filling stations.   According to him, residents in such areas could be forced to travel long distances to access the discount, incurring additional expenses despite the economic hardship they were facing.   The media aide warned that the selective arrangement could create inequalities similar to those associated with the electricity Band A, B and C classification, where consumers experience different levels of service and costs depending on their locations.   He maintained that the government’s intervention amounted to an acknowledgement that market forces alone could not shield Nigerians from unbearable petrol prices.   Ibe also advocated Atiku’s proposed production-based subsidy, arguing that reducing costs at the point of production would allow the benefits to spread through the wider distribution network.   He insisted that Nigerians deserved a more comprehensive and sustainable solution than a 30-day petrol discount.

Many motorists, commuters, and stakeholders have expressed mixed reactions to the Federal Government’s announcement of a 30-day petrol discount at the Nigerian National Petroleum Company Ltd. (NNPCL) filling stations. The post Motorists, commuters, others react to FG’s 30-day petrol discount appeared first on Vanguard News.

The Lagos State chapter of the All Progressives Congress (APC) has described opposition criticism of the Federal Government’s proposed 30-day petrol discount as disappointing and politically motivated.In a statement issued on Friday, Lagos APC spokesman Seye Oladejo accused opposition parties of prioritising “political point-scoring over the welfare of Nigerians struggling with rising transportation and living costs.”The remarks came in response to the rejection of the temporary discount by former Vice-President Atiku Abubakar, the Obidient Movement, the Nigeria Democratic Congress and the presidential campaign organisation of Oyo State Governor Seyi Makinde. The critics described the measure as inadequate and politically driven.The Federal Government announced on Thursday that the Nigerian National Petroleum Company Limited (NNPC Ltd) would forgo its retail profit margin on petrol for 30 days, selling the product at a discounted price through its outlets, with priority for public transport operators. The Presidency clarified that the arrangement, backed by President Bola Tinubu, does not amount to a return of the petrol subsidy removed on May 29, 2023.Oladejo said a responsible opposition should welcome credible efforts to ease citizens’ burdens while offering constructive suggestions for improvement.“At a time when Nigerians are grappling with the impact of rising petrol prices on transportation, food prices, household budgets and business operations, one would ordinarily expect a responsible opposition to welcome any credible intervention aimed at easing the burden on citizens, while offering constructive suggestions for improvement,” he said.“Instead, we are confronted with the familiar spectacle of political opportunism masquerading as economic criticism.”Addressing claims that the discount represents a return of fuel subsidy through the back door, the Lagos APC urged critics to examine the policy’s structure and financing rather than rely on political labels. It said allegations without evidence of fiscal irresponsibility or legal irregularities do not constitute serious economic analysis.The party acknowledged that a 30-day discount alone cannot solve Nigeria’s cost-of-living challenges. It called on the Federal Government to sustain efforts to stabilise prices, expand domestic refining, improve fuel distribution, reduce logistics costs, support public transportation and strengthen household purchasing power.Oladejo urged transparency in implementing the discount, verification that benefits reach intended beneficiaries, and clear communication of measures to follow after the initiative ends. He challenged the opposition to present workable alternatives if they consider the intervention inadequate.“If the opposition believes the 30-day arrangement is inadequate, let it tell Nigerians precisely what it would do differently, how it would finance its proposal and how quickly its alternative would produce tangible benefits.“Nigerians deserve more than slogans, cynical commentary and the perpetual conversion of economic hardship into campaign material,” he added.The Lagos APC said concerns about sustainability after the 30-day period are legitimate but should not be used to dismiss the immediate relief the measure could provide. It insisted that temporary interventions have a place in economic management and should be judged by their design, implementation, affordability and outcomes.    

The Nigerian National Petroleum Company Limited (NNPC Ltd) has extended its N66 per litre petrol discount across its retail outlets nationwide until October 31, insisting that the initiative does not amount to a restoration of petroleum subsidy. The company said the discount, initially introduced on October 1 to commemorate Nigeria’s 66th Independence Anniversary, was intended […] The post NNPC extends N66 petrol discount to October 31, denies subsidy return appeared first on Vanguard News.

The Nigerian National Petroleum Company Limited (NNPC Ltd) has extended its ₦66-per-litre petrol discount until October 31, 2026, offering motorists additional relief amid rising fuel prices linked to the Middle East conflict.The discount, first introduced on October 1 to mark Nigeria’s 66th Independence Anniversary, will now run throughout the month at NNPC Retail stations nationwide. The extension aligns with the Federal Government’s efforts to ease the impact of elevated global crude oil prices on households, businesses and the wider economy.In a statement on Friday, Chief Corporate Communications Officer Andy Odeh said the move followed comments by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, on October 8. Oyedele had announced that NNPC would offer discounted petrol at its stations for 30 days, with priority for public transport operators, while stressing it was not a return to subsidy.NNPC clarified that the ₦66 sales discount is a temporary customer relief initiative. “This discount is a customer relief initiative and does not represent the reintroduction of petroleum subsidy,” the company stated.It emphasised that the measure applies only to NNPC Retail outlets and does not create a uniform national pump price or alter the market-based pricing framework for petroleum products. The petrol subsidy was removed by the Federal Government in May 2023.The company noted that higher petrol prices affect daily life, from commuting costs to business expenses, and said the discount aims to provide direct support during a period of global market uncertainty.NNPC reaffirmed its commitment to reliable product supply and commercially responsible operations. It urged the public to disregard any suggestion that the extension restores the old subsidy regime, describing it instead as limited customer support.“Our priority is to provide practical support while maintaining commercially responsible operations. We will continue to explain the scope and duration of our customer initiatives clearly, so Nigerians can make informed purchasing decisions,” the statement added.    

Paul Ibe, media adviser to former Vice-President Atiku Abubakar, has criticised the Federal Government’s 30-day petrol price reduction initiative, arguing that it would not provide adequate relief to Nigerians because of the limited reach of NNPC retail outlets. Ibe, who disclosed this in a post on his X handle on Friday, said the government should […] The post What happens to Nigerians living in communities without NNPC stations? – Atiku’s aide faults 30-day petrol discount appeared first on Vanguard News.

NNPC has extended its N66-per-litre petrol discount nationwide until October 31, 2026, clarifying that the initiative is temporary relief, not a fuel subsidy.

The NNPC has extended its N66-per-litre petrol discount until October 31, clarifying the move is a customer relief initiative, not a subsidy return. Read More: https://punchng.com/nnpc-extends-n66-petrol-discount-to-october-31-debunks-subsidy-return/

   The Special Adviser to President Bola Tinubu on Information and Strategy, Bayo Onanuga, has explained the difference between a fuel margin discount and a government subsidy.   This comes amid controversy over the Federal Government’s proposed 30-day fuel discount.   Onanuga made the clarification in a statement posted on his X handle on Friday, explaining the difference between the two policies.   The government announced 30-day fuel discount at Nigerian National Petroleum Company Limited, NNPCL, outlets.   In the statement titled “Margin Discount and a Subsidy Are Not the Same,” the presidential aide explained that a margin discount occurs when a fuel retailer reduces or temporarily waives its profit margin to pass the savings on to consumers.   He said, “The ADC and NDC should carefully re-read this ministerial brief: Margin Discount and a Subsidy Are Not the Same.   “Every marketer adds a margin to the price it pays for the fuel it sells. A margin discount means the retailer chooses to take a smaller margin, or no margin at all, for a period, and passes the savings on to the customer. The cost of the discount is borne by the retailer alone.   “A subsidy is different. It is when the government pays part of the price the consumer would otherwise pay.   “That money comes from public revenue funds that would otherwise go to salaries, schools, hospitals and infrastructure. That is the regime this administration ended in 2023, and it is not coming back.”

Former presidential aide and Arise Television’s Morning Showanchor, Reuben Abati, has criticised the Federal Government’s 30-day petrol discount, saying the administration acted too late to provide relief to Nigerians.   Abati said the temporary nature of the intervention raised questions about what would happen after the 30-day period.   He also questioned the government’s continued borrowing despite its decision to remove the petrol subsidy, which was partly justified as a measure to increase revenue and curb corruption. The Federal Government announced a 30-day petrol discount as part of efforts to provide relief to Nigerians amid concerns over fuel prices and the rising cost of living. Speaking on Friday, Abati said the government needed to explain how the proposed discount would be funded and who would bear the cost.   He added that the government’s continued borrowing had raised concerns about the expected financial benefits of subsidy removal.   The broadcaster called on the government to publish details of its price modulation plan, including the funding arrangements and the parties responsible for bearing the cost of the intervention.   He maintained that the proposal had left several questions unanswered, arguing that the administration could have introduced the intervention earlier.   Abati said: “The other issue is that it is temporary, okay, for 30 days. After 30 days, what happens?   “And then, you know, the other contradiction is that when the subsidy was removed, the government said part of the reason was to save revenue and curb corruption.   “But the same administration has been borrowing on a large scale since then, and people have been asking: If you remove the subsidy to generate more revenue, how are we now in this kind of situation?   “There is still a lot to be said, but the government still needs to take a step further and publish the details of the price modulation plan, including who is going to pay and who is going to bear the cost of all this.   “There are more questions than answers in what has been proposed. But in terms of intention, I’ve said that the government woke up too late to say that it wants to help the people.   “​We could have done this much earlier, and other people would not see it as an opportunity to attack the administration.”

According to the notice, the promotion will now run at all NNPC retail outlets until Oct. 14, 2026, with terms and conditions applying. The post NNPC Ltd extends fuel discount promotion by one week appeared first on Vanguard News.

Paul Ibe, media aide to former Vice President Atiku Abubakar, has accused President Bola Tinubu’s administration of returning to an opaque petrol subsidy regime through its 30-day petrol discount initiative. Ibe argued that the initiative would not address Nigeria’s nationwide petrol affordability crisis because it was limited in duration and restricted to a small section […] Petrol discount: Tinubu walking back to opaque subsidy regime – Atiku’s aide

The Lagos APC has criticised opposition parties for rejecting the Federal Government’s proposed 30-day petrol discount, calling it politically motivated. Read More: https://punchng.com/criticism-of-tinubus-petrol-relief-disappointing-lagos-apc/

The National Publicity Secretary of the African Democratic Congress, ADC, Bolaji Abdullahi, on Friday, said the President Bola Tinubu administration is responding to Nigerians and the party’s presidential candidate, Atiku Abubakar. Abdullahi made the remark while featuring on Channels Television’s Sunrise Daily. His remark comes as the Minister of Finance and Coordinating Minister of the […] 30-day fuel price discount: Tinubu govt responding to Nigerians, Atiku – ADC

The NNPC has extended its N66 fuel discount promotion until October 14, 2026, adding diesel and allowing registered app users another week to save.

According to the minister, NNPC Retail is absorbing the reduction from its profit margin, rather than relying on government funds to lower petrol prices. The post NNPC petrol discount is not fuel subsidy — Finance minister appeared first on Premium Times Nigeria.

In today’s Nigerian newspapers review programme, Today in the News, Vanguard leads with the Federal Government saying it would offer a discount on petrol dispensed at the filling stations of the Nigerian National Petroleum Company (NNPC) Limited for the next 30 days. The post Nigerian newspapers review: FG offers petrol at N1,350 for next 30 days appeared first on Vanguard News.

Former Deputy National Publicity Secretary of the All Progressives Congress, APC, Comrade Timi Frank, has urged President Bola Ahmed Tinubu to apologise to Nigerians following the proposal to introduce a 30-day discounted petrol price at Nigerian National Petroleum Company Limited, NNPCL, filling stations. Frank made the demand in a statement on Friday. DAILY POST recalls […] Petrol price discount: Apologise to Nigerians – Timi Frank tells Tinubu

The Minister of Finance, Taiwo Oyedele, has made five key clarifications regarding the recent announcement of a fuel price discount at Nigerian National Petroleum Company Limited, NNPCL, filling stations. In a statement he personally signed on Friday, Oyedele said the discounted petrol price of N1,350 per litre at NNPCL filling stations does not amount to […] NNPCL fuel discount: Oyedele makes five clarifications on N1,350/litre petrol price

Former presidential aide and Arise Television’s Morning Showanchor, Reuben Abati, has criticised the Federal Government’s 30-day petrol discount, saying the administration acted too late to provide relief to Nigerians. Abati said the temporary nature of the intervention raised questions about what would happen after the 30-day period. He also questioned the government’s continued borrowing despite […] Fuel discount: Tinubu govt woke up too late – Abati

The Lagos State chapter of the All Progressives Congress, APC, has challenged opposition parties criticising the Federal Government’s 30-day petrol discount initiative to propose practical alternatives, stressing that the welfare of Nigerians should be prioritised over political interests. The party called on opposition leaders to explain how their proposed solutions would differ from the government’s […] Lagos APC tackles opposition over criticism of 30-day petrol discount

The Special Adviser to President Bola Tinubu on Information and Strategy, Bayo Onanuga, has explained the difference between a fuel margin discount and a government subsidy. This comes amid controversy over the Federal Government’s proposed 30-day fuel discount. Onanuga made the clarification in a statement posted on his X handle on Friday, explaining the difference between […] Fuel discount is not subsidy – Presidency 

Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has explained the implications of the 30-day petrol discount introduced by the Nigerian National Petroleum Company Limited (NNPC) Retail, insisting that the initiative is not a return to fuel subsidy. Oyedele disclosed this in a statement shared on his X platform on Friday, saying […] The post Taiwo Oyedele explains 30-day fuel discount appeared first on Vanguard News.

The latest decision to have NNPC Retail sell petrol at landing cost has also generated debate over whether the arrangement amounts to a return to fuel subsidy. The post NNPC filling stations to sell petrol at landing cost to cushion global oil price shocks — Presidency appeared first on Premium Times Nigeria.

By Henry Umoru ABUJA — The Obidient Movement has faulted the Federal Government’s 30-day petrol discount initiative, questioning the figures used to calculate fuel-related interventions and accusing the government of failing to provide sufficient transparency in the management of the petroleum sector. The movement said the temporary discount raised questions about the government’s position on […] The post Fuel Discount: Obidient Movement faults FG, backs subsidy restoration appeared first on Vanguard News.

By Olasunkanmi Akoni The Lagos State chapter of the All Progressives Congress (APC) has challenged opposition parties criticising the Federal Government’s 30-day petrol discount initiative to present credible alternatives, insisting that Nigerians’ welfare should take precedence over political considerations. The party urged opposition leaders to move beyond condemning the intervention and explain what they would […] The post Fuel Discount: Lagos APC challenges opposition to offer alternative appeared first on Vanguard News.

Former Vice-President Atiku Abubakar questions the timing and effectiveness of the federal government's proposed 30-day petrol discount, saying it offers no lasting relief to Nigerians. The post Atiku speaks on Tinubu’s 30-day fuel discount appeared first on Premium Times Nigeria.

The Presidency has confirmed that the decision by the Nigerian National Petroleum Company Limited (NNPC) Retail to offer a temporary discount on petrol has the full backing of President Bola Tinubu.In a statement, the Presidency explained that NNPC Retail will forgo its retail profit margin and sell petrol at cost for the next 30 days. Under the arrangement, if the company’s landing cost is N1,300 per litre, the product will be sold to consumers at the same price without any added retail margin.The measure, announced by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, prioritises public transport operators and is designed to provide temporary relief to households and commercial vehicle owners facing higher transportation costs.The Presidency stressed that the discount should not be interpreted as a return to the fuel subsidy regime abolished in May 2023. Instead, it forms part of a broader package of interventions aimed at cushioning the impact of rising global crude oil and petrol prices without reversing ongoing economic reforms.Oyedele had earlier urged other fuel marketers to consider similar cost-based pricing, noting that the current surge in international oil prices is expected to be temporary.    

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 as part of a fresh package of measures to cushion the impact of high fuel prices on Nigerians and stabilise pump prices. The Minister of Finance and Coordinating Minister of […] The post FG Announces 30-Day Discount On Petrol Sold By NNPC appeared first on Information Nigeria.

Nigeria’s opposition, including Atiku Abubakar, rejects the FG’s 30-day petrol discount, calling the NNPC-led intervention inadequate and politically motiv Read More: https://punchng.com/fgs-30-day-petrol-discount-sparks-opposition-backlash/

The Presidency says a new measure for NNPC to sell petrol at cost price is a discount to cushion price shocks, not a return of the fuel subsidy. Read More: https://punchng.com/petrol-discount-not-subsidy-presidency/

The Presidency has clarified the Federal Government’s plan to reduce the burden of rising petrol prices on Nigerians. According to the government, the Nigerian National Petroleum Company (NNPC) will suspend its retail profit margin and sell petrol at cost for the next 30 days, targeting vulnerable households and commercial transport operators. The clarification was contained […] ‘What cutting fuel price really means’ – Presidency explains

The African Democratic Congress, ADC, presidential candidate, Atiku Abubakar, has criticised the Federal Government over the planned 30-day fuel discount at NNPC stations. In a statement issued Thursday by his media aide, Phrank Shaibu, Atiku said the proposal was nothing but a desperate, short-term gesture that could not undo the pain caused by high fuel […] Panic-driven publicity stunt – Atiku blasts Tinubu’s 30-day fuel discount

Nigerians have taken to social media to express their displeasure over the Federal Government’s decision to introduce a 30-day fuel price discount at Nigerian National Petroleum Company Limited, NNPCL, filling stations. Speaking during a briefing in Abuja on Thursday, October 8, Finance Minister Taiwo Oyedele said the initiative would see NNPCL sell petrol at cost, […] Fear of 2027’- Nigerian reacts to Tinubu’s 30-day fuel subsidy

Minister of Finance, Taiwo Oyedele, has explained that fixing the gantry price of petrol at N1,350 per litre at Nigerian National Petroleum Company Limited, NNPCL, filling stations nationwide is not a reintroduction of petrol subsidy. He made this disclosure on Thursday during a press briefing in Abuja. According to him, domestic fuel pump prices should […] Fuel price reduction: Why fixing petrol at N1,350/litre not subsidy reintroduction – Oyedele

Former Vice-President Atiku Abubakar has described the federal government’s 30-day petrol discount at Nigerian National Petroleum Company (NNPC) Limited stations as a “panic-driven publicity stunt”.   Atiku, presidential candidate of the African Democratic Congress (ADC), spoke in a statement issued on Thursday by Phrank Shaibu, his director of strategic communication.   On Thursday, Taiwo Oyedele, Minister of Finance and Coordinating Minister of the Economy, announced that the federal government would offer a discount on petrol sold at NNPC stations for the next 30 days, with priority given to public transporters.   Oyedele said the gesture was not a return to petrol subsidy but an arrangement for the government to sell the product at cost.   Atiku, however, said the measure was a temporary response to the hardship caused by high petrol prices and would not address the underlying economic challenges.   “Atiku totally rejects this calendar-scheduled, election-laced subsidy package. Nigerians are not fools to be offered a month of discounted fuel after years of punishing prices and then expected to forget the hardship when the discount expires,” the statement reads.   “What happens on Day 31? Nigerians wake up to the same brutal prices, the same punishing transport fares and the same rising cost of food.     “The government cannot manufacture relief for one month and expect Nigerians to applaud while the hardship remains.”   The former vice-president also questioned the scope of the intervention, noting that the discount would be available at NNPC stations while the government had yet to announce the amount motorists would save per litre.   He also asked whether any reduction in fuel costs for transport operators would translate into lower fares for passengers.   Atiku said the government’s decision showed that intervention in the petrol market was possible despite its previous arguments against subsidy-style measures.   “This volte-face proves that the production-support proposal I have advanced is workable, achievable and not complicated,” he said.   “The Tinubu government and its spin doctors have tried to make it sound impossible, yet they are now reaching for a temporary subsidy-style intervention because the pain has become impossible to ignore.”   Atiku reiterated his proposal for capped and budgeted production support tied to petrol refined in Nigeria, with safeguards to ensure that the benefit reaches consumers and supports domestic refining.   “Nigerians need lasting relief, not a countdown to the return of hardship. Tinubu’s government cannot spend years telling Nigerians to endure, then offer 30 days of relief and call it a solution,” he added.

The Presidency on Thursday explained that the measure taken by the Nigerian National Petroleum Company Limited (NNPCL) to forgo its petrol retail profit margin and sell to Nigerians at cost to cushion the impact of global crude oil price shocks and volatility on vulnerable households has the approval of President Bola Tinubu. The post NNPC discount measure for petrol pump price has Tinubu’s backing – Presidency appeared first on Vanguard News.

The federal government says it will offer a discount on petrol dispensed at the filling stations of the Nigerian National Petroleum Company (NNPC) Limited for the next 30 days. Taiwo Oyedele, minister of finance, announced the gesture at a press conference on Thursday in Abuja. “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,” he said. The minister said transporters would be given first priority, adding that the measure is not a subsidy but an arrangement for the government to sell petrol at cost.  Further speaking on measures to alleviate the economic pressures households experience, the minister said the government plans forward sale of crude oil to domestic refiners at a yet-to-be determined period and price. “That preserves your budget, provides certainty to the refiners and price stability to the consumers,” he said. “Pump prices do not have to follow every swing in global crude prices or the exchange rate. Government is negotiating a ceiling prices of N1,350 a litre on the ex-gantry or the landing cost of petrol to keep fuel prices stable.”  Oyedele said the price would be reviewed monthly. 

Atiku Abubakar has faulted the Federal Government’s 30-day petrol discount, describing it as a temporary intervention and demanding lasting relief for Nige Read More: https://punchng.com/atiku-faults-fgs-30-day-fuel-discount-demands-lasting-relief/

The Nigeria Democratic Congress and the Obidient Movement have condemned the Federal Government’s 30-day petrol discount as tokenism and an election-year t Read More: https://punchng.com/ndc-obidients-condemn-fgs-30-day-petrol-discount/

Finance Minister and Coordinating Minister of the Economy, Taiwo Oyedele, said the measure was not a return to subsidy, but an arrangement for NNPC to sell petrol at cost for the initial 30-day period. The post SDP’s Adebayo likens FG’s 30-day petrol discount to ‘Fuji House of Commotion’ appeared first on Vanguard News.

…Calls measure tokenism, questions implementation By Henry Umoru ABUJA — The National Leadership of the Nigeria Democratic Congress (NDC) has criticised the Federal Government’s decision to introduce a 30-day discount on petrol sold through NNPC Limited retail outlets, describing the measure as inadequate to address the economic challenges facing Nigerians. In a statement issued on […] The post NDC faults 30-day petrol discount appeared first on Vanguard News.

Opposition leader Atiku Abubakar rejects the President Bola Ahmed Tinubu administration’s proposed 30-day petrol discount. Legit.ng has the details.

The Federal Government has announced a 30-day discount on petrol sold by NNPC, with public transport operators to receive priority under the arrangement. Read More: https://punchng.com/just-in-fg-offers-30-day-petrol-discount-through-nnpc/

The Federal Government announced a 30-day petrol discount at NNPC stations, prioritising public transporters, with negotiated landing costs reviewed monthly.

The federal government says it will offer a discount on petrol dispensed at the filling stations of the Nigerian National Petroleum Company (NNPC) Limited for the next 30 days. Taiwo Oyedele, minister of finance, announced the gesture at a press conference on Thursday in Abuja. “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,” he said. The minister said transporters would be given first priority, adding that the measure is not a subsidy but an arrangement for the government to sell petrol at cost.  Further speaking on measures to alleviate the economic pressures households experience, the minister said the government plans forward sale of crude oil to domestic refiners at a yet-to-be determined period and price. “That preserves your budget, provides certainty to the refiners and price stability to the consumers,” he said. “Pump prices do not have to follow every swing in global crude prices or the exchange rate. Government is negotiating a ceiling prices of N1,350 a litre on the ex-gantry or the landing cost of petrol to keep fuel prices stable.”  Oyedele said the price would be reviewed monthly.  

The Federal Government has announced a 30-day discount on petrol sold by the Nigerian National Petroleum Company Limited, NNPCL, with public transport operators to receive priority under the arrangement. The post FG announces 30-day petrol discount for transporters at NNPC filling stations appeared first on Vanguard News.

The Federal Government has announced a 30-day discount on NNPC petrol sales and proposed a N1,350-per-litre landing cost ceiling to reduce fuel price volatility.

The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, says the Federal Government is offering a discount on petrol dispensed by the Nigerian National Petroleum Company Limited, NNPCL, for the next 30 days. Oyedele announced this on Thursday at a press briefing on fuel prices and subsidy questions in Abuja. He said […] BREAKING: FG announces 30-day discount on petrol sold by NNPC