The Nigerian National Petroleum Company Limited (NNPC Ltd.) has clarified that its ongoing petrol discount programme is only a temporary relief measure for customers and should not be interpreted as a return of the petroleum subsidy regime.
The company said the initiative was introduced to reduce the immediate pressure of rising fuel costs on Nigerians, businesses and other users amid fluctuations in global crude oil prices.
NNPC Chief Corporate Communications Officer, Andy Odeh, made the clarification in a statement issued on Friday.
Discount programme runs until October 31
According to NNPC, the discount scheme began on October 1, 2026, as part of activities marking Nigeria’s 66th Independence Anniversary.
The company said the promotion will continue until October 31, 2026, at NNPC retail stations nationwide.
Odeh explained that the measure was designed to provide short-term support to motorists and households during a period of increased pressure in international oil markets, partly linked to geopolitical tensions in the Middle East.
No change to petrol pricing framework
NNPC stressed that the discount does not represent a government-funded petrol subsidy or a reversal of the market-based pricing system introduced after subsidy removal.
The company explained that the offer applies only at its own retail outlets and does not create a fixed national pump price for petroleum products.
It also stated that the initiative does not alter the existing framework guiding fuel pricing in Nigeria.
Government seeks relief amid global oil pressures
The clarification followed comments by Taiwo Oyedele, the Minister of Finance and Coordinating Minister of the Economy, on measures aimed at reducing the impact of rising global crude oil prices on Nigerians.
NNPC said it would continue working with government agencies and industry stakeholders to support consumers while maintaining commercially sustainable operations.
NNPC urges Nigerians to avoid misinformation
The national oil company advised Nigerians to disregard claims that the discount programme represents a restoration of petrol subsidy.
It described the initiative as a customer-focused intervention intended to provide temporary relief during a period of economic uncertainty.
