The Federal Government has announced a 30-day discount on petrol dispensed by the Nigerian National Petroleum Company Limited (NNPCL), with public transport operators to receive priority.
The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, disclosed this on Thursday, October 8, at a press briefing on fuel prices and subsidy-related issues in Abuja.
Oyedele stressed that the measure should not be regarded as a return of petrol subsidy, saying the government would instead sell the product at cost during the period.
“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.
