Petrol discount not subsidy — Presidency

AI Summary

Nigeria’s Presidency says a new directive for NNPC to sell petrol at cost price is a temporary discount intended to cushion price shocks, not a return to fuel subsidies. The distinction comes amid public and policy debate over petrol pricing and government support.

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/