NNPC to Drop Petrol Retail Margin for 30 Days as Critics Question Plan
The Federal Government said NNPC’s temporary decision to forgo part of its profit was not a reversal of subsidy removal.
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What's happening with petrol subsidy
Current status
Updated on October 13, 2026 at 01:13 UTCThe Federal Government defended NNPC’s decision to forgo part of its profit to cushion the impact of rising petrol prices, describing it as temporary relief rather than a reversal of subsidy removal. Updated on October 12, 2026 at 20:13 UTCNNPC clarified that its petrol discount at company stations began on October 1 as an Independence Day initiative and will end on October 31.
Latest update
— NNPC to Drop Petrol Retail Margin for 30 Days as Critics Question Plan
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