Federal Government Introduces 30-Day Petrol Price Relief for Public Transporters
The Federal Government has introduced a 30-day price relief on petrol supplied by the Nigerian National Petroleum Company Limited (NNPCL), with public transport operators set to receive priority under the arrangement.
Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, announced the measure on Thursday during a briefing in Abuja on developments surrounding petrol prices and subsidy concerns. He said the government intends to sell the affected petrol at cost during the initial 30-day period.
The minister clarified that the arrangement should not be regarded as a return to fuel subsidy, describing it instead as a temporary intervention designed to reduce the cost burden on consumers, particularly those who depend on public transportation.
The announcement comes amid continued pressure over fuel prices and their wider effect on transportation and household expenses. The government is expected to assess the arrangement after the initial period, while public transporters will receive priority in accessing the discounted petrol nationwide.
