The Nigerian National Petroleum Company (NNPC) Limited has extended its petrol discount at retail outlets nationwide until October 31, clarifying that the initiative is not a restoration of the discontinued fuel subsidy.
The company said the extension was aimed at cushioning the impact of rising global crude oil prices on Nigerians, amid market uncertainties linked to the conflict in the Middle East.
NNPC’s Chief Corporate Communications Officer, Andy Odeh, disclosed this in a statement issued in Abuja on Friday, October 9, 2026.
According to Odeh, the company introduced the discount on October 1 to commemorate Nigeria’s 66th Independence Anniversary but decided to sustain the initiative following the Federal Government’s renewed efforts to ease the burden of rising petrol prices on households and businesses.
The extension follows a statement by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, on October 8, announcing additional measures to cushion the effects of rising fuel prices.
NNPC said the discount was intended to provide practical relief to customers, acknowledging that higher petrol prices affect transportation costs, business operations and household expenses.
It, however, stressed that the initiative applied only to NNPC Retail outlets and did not establish a uniform national pump price or change the market-based pricing framework for petroleum products.
The company urged Nigerians to disregard interpretations of the discount as a return to the petrol subsidy regime, which was discontinued in May 2023.
NNPC also reaffirmed its commitment to ensuring reliable petroleum product supply and working with the Federal Government and other stakeholders to mitigate the effects of rising fuel prices.
It added that it would continue to communicate clearly with customers about its products, prices and relief initiatives while maintaining commercially responsible operations.
