09/10/2026
: FG Announces Fuel Relief Plan as NNPC Retail Moves to Sell Petrol at Cost
The Presidency has announced that NNPC Retail will forgo its petrol profit margin and sell fuel at cost under a new relief plan aimed at easing the burden on Nigerians.
The Federal Government is also negotiating a ceiling of ₦1,350 per litre for petrol landing costs, while insisting that the measures do not amount to a return to fuel subsidy.
The proposed measures are expected to provide relief to consumers amid rising fuel prices. However, the impact on pump prices will depend on the implementation of the plan and prevailing market conditions.