FG Announces 30-Day Petrol Discount For Public Transports at NNPC Stations
The Nigerian Federal Government has unveiled new strategies to stabilize petrol prices, including a 30-day discount at NNPC stations for public transporters and a N1,350 per litre price ceiling. These measures aim to reduce the impact of global crude oil fluctuations and exchange rates on local petrol costs, ensuring greater stability for consumers.
The Federal Government has announced a 30-day petrol discount at Nigerian National Petroleum Company Limited (NNPC) filling stations, prioritising public transport operators as fuel prices rise across the country. Finance Minister and Coordinating Minister of the Economy Taiwo Oyedele announced the measure at a press briefing in Abuja on October 8, 2026, describing it as a decision by NNPC Retail to sell petrol at cost rather than a return to the fuel subsidy regime abolished in 2023.
The arrangement involves NNPC Retail forgoing its profit margin during the initial 30-day period, although the government has not announced a uniform pump price or specified the exact discount per litre. Beyond the temporary discount, the government is negotiating a ₦1,350-per-litre ceiling on petrol’s ex-gantry or landing cost to reduce the impact of fluctuations in international crude prices and exchange rates.
Under the proposed price-modulation framework, refiners and importers would absorb costs above the ceiling initially and recover the shortfall when market conditions improve, with the benchmark reviewed monthly and relevant figures published. The government is also pursuing forward sales of crude oil to domestic refineries to give refiners greater certainty over input costs and help moderate future price volatility.
The measures come amid rising fuel costs, with petrol selling for around ₦1,400 per litre or more at some filling stations, putting pressure on transport fares and household spending. The Presidency said the NNPC arrangement was intended to cushion the impact on vulnerable households and commercial transport operators, while urging other marketers to consider similar steps.
However, the discount is temporary and limited to NNPC’s retail network, while the proposed ₦1,350 ceiling concerns the landing or ex-gantry cost, not a guaranteed pump price for consumers.