Story preview
Continue reading on the publisher site for the full article.
News Atlas is free and independent. If it’s useful to you, you can support it with a coffee. ☕ Buy me a coffee
Coverage
Tone
Outlets covering it
12
in the last 3 days
First reported
3 days ago
11 outlets since
Countries
11 other outlets reported this story in the last 3 days.
Mr Idris said the decision did not represent a return to fuel subsidy, explaining that the NNPC had opted to forgo some of its profits to cushion the impact of higher petrol prices on consumers.
Oil and gas expert Olabode Sowunmi defends NNPC’s 30-day petrol discount, describing it as a business decision rather than a government subsidy.
Nigerians may face fresh fuel supply challenges as petroleum industry experts warn that the Federal Government’s 30-day petrol discount initiative at Nigerian National Petroleum Company (NNPC) Limited retail outlets could undermine deregulation and revive distortions associated with the defunct subsidy regime.