Taiwo Oyedele, Minister of Finance and Coordinating Minister of the Economy, speaks at a press briefing about fuel prices and subsidy issues. The government announced the plan during a briefing in Abuja, saying it aims to help people cope with rising transport costs and changes in fuel prices.
The temporary discount will apply at filling stations operated by the Nigerian National Petroleum Company (NNPC) Limited. The government explained that the measure is meant to provide short-term relief without bringing back the general fuel subsidy.
FG announces petrol discount NNPC stations
Government officials said the 30-day petrol discount is not a return to the old fuel subsidy. Instead, NNPC will temporarily reduce its profit on petrol sales at its filling stations across Nigeria.
The plan is meant to help commercial drivers, interstate bus operators, and other public transport workers save money. The government hopes this will help reduce transport fares and the cost of moving food to markets.
Transport unions welcomed the plan but called for proper monitoring to ensure passengers benefit from the discount. However, some opposition figures and civil society groups said 30 days may not be enough to solve the problem. They called for long-term measures to reduce inflation and the rising cost of living.
The FG announces petrol discount NNPC stations to provide temporary relief while the government works on other plans to stabilise the energy sector.
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