FG Announces 30-Day Petrol Discount at NNPC Stations, Prioritises Public Transporters

The Federal Government has announced a 30-day discount on petrol sold through Nigerian National Petroleum Company Limited (NNPCL) filling stations, with public transport operators to receive priority under the arrangement.

The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, announced the measure on Thursday, October 8, 2026, during a press briefing on fuel prices and subsidy-related issues in Abuja.

Oyedele said the intervention would initially run for 30 days and is aimed at easing the impact of rising petrol prices, particularly on public transportation.

“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,” the minister said.

He stressed that the measure should not be regarded as a return to the petrol subsidy regime.

According to Oyedele, the government intends to make petrol available at cost under the arrangement.

“So, it’s not a subsidy; government is just saying we sell to you at cost,” he said.

Government Plans Petrol Price Modulation

Oyedele also announced a new approach to managing fluctuations in petrol prices through what the government described as a negotiated landing or ex-gantry cost.

The minister said the government was negotiating a ceiling of about ₦1,350 per litre on the ex-gantry or landing cost of petrol as part of efforts to reduce sharp movements in domestic fuel prices.

The proposed ceiling should not be interpreted as a fixed pump price of ₦1,350 per litre for motorists.

Under the proposed arrangement, when the underlying cost of petrol rises above the agreed ceiling, refiners and importers would initially absorb the difference and recover it later when market conditions improve.

Oyedele said the mechanism was intended to reduce volatility in petrol prices rather than return the country to the previous subsidy system.

Exact Discount Yet to Be Announced

The Federal Government has not yet disclosed the exact amount that will be deducted from the prevailing pump price under the 30-day discount.

It has also not provided full details on how public transport operators will be identified or how they will access the preferential arrangement.

Recent reports indicate that petrol prices currently vary across the country. Punch reported that NNPCL’s latest price list put petrol at about ₦1,355 per litre in Lagos and Rivers states and ₦1,370 per litre in Abuja.

The Federal Government’s latest intervention comes amid continued concerns over the effect of petrol prices on transportation costs, food prices and household expenses.

Public transport operators have been particularly affected by fluctuations in fuel prices because petrol remains a major component of their operating costs.

By prioritising public transporters, the government appears to be targeting one of the main channels through which higher petrol prices affect commuters and the wider cost of living.

30-Day Measure

The discount is expected to apply to petrol dispensed through NNPC Limited stations during the initial 30-day period.

However, further details on the commencement of the discount, the exact price consumers will pay and the eligibility requirements for public transport operators are still expected from the government.

The Federal Government’s announcement therefore represents a temporary intervention rather than a permanent change to Nigeria’s current petrol pricing framework.

The development comes as the government continues to maintain that the petrol subsidy removed in 2023 has not been reinstated.

For now, motorists and transport operators will be watching for further details on the implementation of the 30-day discount and whether the measure will translate into lower transport fares and reduced pressure on household expenses.