FG ANNOUNCES 30-DAY PETROL DISCOUNT

October 8, 2026 • Dons Eze • 1 min read

The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, says the Federal Government is offering a discount on petrol dispensed by the Nigerian National Petroleum Company Limited, NNPCL, for the next 30 days.

Oyedele announced this on Thursday at a press briefing on fuel prices and subsidy questions in Abuja.

He said the discount is not a subsidy, but an arrangement by the government to sell the petrol at cost.

“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, the government is just saying we sell to you at cost,” he said.

Dons Eze

DONS EZE, PhD, Political Philosopher and Journalist of over four decades standing, worked in several newspaper houses across the country, and rose to the positions of Editor and General Manager. A UNESCO Fellow in Journalism, Dr. Dons Eze, a prolific writer and author of many books, attended several courses on Journalism and Communication in both Nigeria and overseas, including a Postgraduate Course on Journalism at Warsaw, Poland; Strategic Communication and Practical Communication Approach at RIPA International, London, the United Kingdom, among others.