FG Introduces Fuel Discount at NNPC Outlets
The Federal Government has announced fresh plan to introduce fuel discount to reduce cost and stability the price
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.”
Oyedele also announced that the Federal Government is targeting a ₦1,350-per-litre ceiling on the ex-gantry or landing cost of petrol.