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[BUSINESS] · Nigeria · 45 sources

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NNPC Limited offers 30-day petrol discount in Nigeria

NNPC Limited has announced a 30-day petrol discount at its retail stations, intended to provide relief to Nigerians amid rising fuel costs and global market volatility. Under this arrangement, NNPC Retail will forgo its profit margin to sell petrol at cost. The initiative is scheduled to run through October 31, 2026.

Finance Minister Taiwo Oyedele clarified that this measure is a commercial decision to cushion the impact of price shocks and does not constitute a return to the fuel subsidy regime abolished in May 2023. The government is also exploring a N1,350 per litre ceiling on the landing cost of petrol to help stabilize prices.

The move has drawn mixed reactions. While support groups defend it as a necessary bridge to ease hardship, former Vice President Atiku Abubakar and the United Friends For Atiku (UFFA) have criticized it as a temporary, politically motivated palliative that fails to address underlying economic issues.

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Atiku Abubakar · Bola Ahmed Tinubu · Bola Tinubu · Federal Government of Nigeria · NNPC Limited · Nigeria · Nigeria Democratic Congress · Nigeria Labour Congress · Nigerian National Petroleum Company Limited · Taiwo Oyedele

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