{
  "id": 12990683,
  "title": "Presidency Forecloses Return Of Petrol Subsidy, Backs NNPCL’s Target of N1,350 Petrol Cost Ceiling",
  "url": "https://urgent.news/2026/10/09/presidency-forecloses-return-of-petrol-subsidy-backs-nnpcls-target-of",
  "topic": "world",
  "section": "World",
  "published": "2026-10-09T00:14:50.000Z",
  "source": {
    "name": "This Day",
    "slug": "this-day",
    "url": "https://www.thisdaylive.com/2026/10/09/presidency-forecloses-return-of-petrol-subsidy-backs-nnpcls-target-of-n1350-petrol-cost-ceiling/"
  },
  "original_language": "en",
  "account": null,
  "summary": "The Nigerian Presidency has announced that it will not revive the fuel subsidy reform that was abandoned over three years ago. Instead, the government is introducing measures to ensure that fuel subsidy benefits are extended to more Nigerians in a more tangible manner. Presidential spokesperson Bayo Onanuga revealed that the Nigerian National Petroleum Company Limited (NNPCL) will sell petrol to Nigerians at the cost price, forgoing its profit margin, to support vulnerable households amid the global petrol crisis. The administration is also introducing forward sales of crude oil to domestic refineries, negotiating a petrol cost ceiling of N1,350 per litre, and reducing road taxes and levies to curb the impact of rising global crude oil prices and volatility on households.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}