The NNPC Limited has reaffirmed its commitment to supporting the Federal Government’s efforts to provide relief for Nigerians amid elevated global crude oil prices arising from the Middle East conflict and the resulting impact on domestic petrol prices.
Following the statement by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, on 8 October 2026, NNPC Limited reiterates its commitment to working with the government and stakeholders to cushion the impact of rising fuel prices on households, businesses and the wider economy.
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In a statement, the NNPCL maintained that the discount in fuel prices is a customer relief initiative and does not represent the reintroduction of petroleum subsidy.
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According to the statement, the initiative applies to NNPC Retail outlets and does not establish a uniform national pump price or alter the market-based pricing framework applicable to petroleum products.
It urges the public to disregard any interpretation of this discount as a subsidy restoration.