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USD/NGN 1,330.21GBP/NGN 1,758.26USD/NGN black market ₦1,385 ▴0.7%GBP/NGN black market ₦1,850EUR/NGN 1,489.68JPY/NGN 8.41CAD/NGN 933.93

Petrol discount not subsidy — Presidency

The Presidency says a new measure for NNPC to sell petrol at cost price is a discount to cushion price shocks, not a return of the fuel subsidy. Read More: https://punchng.com/petrol-discount-not-subsidy-presidency/

Aggregated · originally by Punch
8 Oct 2026, 22:01 WAT · 3 min read
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Petrol discount not subsidy — Presidency

The Presidency says a new measure for NNPC to sell petrol at cost price is a discount to cushion price shocks, not a return of the fuel subsidy. Read More: https://punchng.com/petrol-discount-not-subsidy-presidency/