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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.
Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has explained the implications of the 30-day petrol discount introduced by the Nigerian National Petroleum Company Limited (NNPC) Retail, insisting that the initiative is not a return to fuel subsidy. Oyedele disclosed this in a statement…