Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

JUST IN: FG offers 30-day petrol discount through NNPC

The Federal Government has announced a 30-day discount on petrol from NNPC stations, with priority given to public transport operators nationwide. Read More: https://punchng.com/just-in-fg-offers-30-day-petrol-discount-through-nnpc/

JUST IN: FG offers 30-day petrol discount through NNPC

The Federal Government has introduced a 30-day petrol discount through the Nigerian National Petroleum Company Limited, with public transport operators receiving priority. This announcement was made by the Minister of Finance, Taiwo Oyedele, during a press briefing in Abuja. Oyedele clarified that the discount is not a return to petrol subsidy but rather a cost-based pricing arrangement with NNPC.

Public transporters across the country will be given priority under this arrangement. The government is selling petrol to these operators at the production cost. The announcement comes as petrol prices vary at NNPC stations across the country, with prices listed at N1,355 per litre in Lagos and Rivers, and N1,370 per litre in Abuja.

Written by urgent.news from Punch's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

This story

This is one outlet's version. Read the fullest account.

Read the original at punchng.com →

More in Finance & Markets

More from Thursday 8 October →