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BREAKING: FG Rolls Out Plans for Nigerians to Buy Cheaper Fuel

spearnewsonline by spearnewsonline
October 8, 2026
in News
BREAKING: FG Rolls Out Plans for Nigerians to Buy Cheaper Fuel
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The Federal Government has rolled out plans that will see Nigerians buy petrol at cheaper prices, with a discount set to take effect at NNPC filling stations nationwide.

Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, disclosed this at a press conference in Abuja on Thursday.

He said, “There’ll be a discount on NNPC petrol for the next 30 days, with priority for public transporters,” adding that the Federal Government will also operate a “negotiated landing cost which will be reviewed monthly”.

The move is expected to bring relief to millions of Nigerians battling high transportation and energy costs, with public transport operators — and by extension commuters — positioned as the primary beneficiaries of the 30-day window.

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Under the arrangement, the discount will apply specifically to petrol sold at NNPC retail stations, while the negotiated landing cost framework signals a shift toward a more structured, month-by-month approach to pricing.

Details later…

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