The Federal Government says it is offering a discount on petrol dispensed by the Nigerian National Petroleum Company Limited (NNPCL) for the next 30 days.
The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, announced this on Thursday at a press briefing on fuel prices and subsidy questions in Abuja.
According to the Minister, 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, government is just saying we sell to you at cost.”