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Petrol discount not subsidy — Presidency

First reported 8 Oct, 15:47 UTCUpdated 2d ago3 sources

16:9

0 left · 3 center · 0 right · Full breakdown

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/

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From the Left

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From the Center
FG offers 30-day petrol discount through NNPC

The Federal Government has announced a 30-day discount on petrol sold by NNPC, with public transport operators to receive priority under the arrangement. Read More: https://punchng.com/just-in-fg-offers-30-day-petrol-discount-through-nnpc/

From the Right

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  1. VanguardCenterNGMostly factual
    Hardship: FG proposes N1,350 ceiling for petrol ex-gantry price (opens Vanguard in a new tab)

    "We are introducing price modulation. Pump prices should not have to follow every swing in global crude or exchange rate. The government is negotiating a ceiling of N1,350 a litre on the ex-gantry cost of petrol to keep pump prices stable," he said.

  2. PunchCenterNGMostly factual
    FG offers 30-day petrol discount through NNPC (opens Punch in a new tab)

    The Federal Government has announced a 30-day discount on petrol sold by NNPC, with public transport operators to receive priority under the arrangement. Read More: https://punchng.com/just-in-fg-offers-30-day-petrol-discount-through-nnpc/

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