ABUJA, Nigeria — State oil firm NNPC Limited has announced a temporary discount on petrol prices across its retail outlets nationwide to ease economic pressure on citizens, while clarifying that the move does not mark a return to fuel subsidies.
The discount, originally introduced on 1 October to mark Nigeria’s 66th Independence Anniversary, will now run through 31 October 2026. NNPC said the initiative aims to buffer households and businesses against rising fuel costs triggered by global crude oil price hikes following conflict in the Middle East.
In a statement issued on Friday, Chief Corporate Communications Officer Andy Odeh emphasized that the promotional pricing applies exclusively to NNPC-owned stations and does not alter the country’s broader market-driven pricing framework.”We understand the strain on families and livelihoods, and this discount is intended to provide direct relief to customers during this difficult period,” the company said. “This discount is a customer relief initiative and does not represent the reintroduction of petroleum subsidy.” The clarification follows comments by Minister of Finance and Coordinating Minister of the Economy Taiwo Oyedele regarding government efforts to cushion the impact of global energy volatility on the domestic economy.
NNPC urged the public to disregard reports suggesting the price reduction signals a shift in national petroleum pricing policy, maintaining that its priority remains delivering reliable fuel supplies while operating on commercial principles.
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