The Nigerian government has introduced a 30-day fuel price reduction at NNPC stations, starting from October 1st, as part of the country's 66th independence anniversary celebrations. The Minister of Finance, Taiwo Oyedele, made this announcement on Thursday, stating that the price reduction is only applicable at NNPC stations. This move aims to provide relief to Nigerians from the high cost of fuel.
To benefit from the reduced fuel price, Nigerians can download the NNPC Fuel App from the Google Play or Apple App Store and register. The app will enable users to know the current fuel price and locate the nearest NNPC station. The price reduction applies to every liter of fuel purchased through the app at NNPC stations. The app also helps users find the nearest station.
The fuel price reduction is only valid until October 31st, and it applies to all NNPC stations across the country. The government has not mandated other marketers to reduce their prices, but rather provided an opportunity for Nigerians to buy fuel at a lower price at NNPC stations. The reduction is Naira 66 per liter, which is deducted from the current fuel price.
The government has given priority to commercial drivers, transport unions, and vehicle owners in the program. These individuals can download the app and register to benefit from the reduced fuel price. This move is expected to provide relief to those who use fuel for their daily activities.
The NNPC has clarified that the program is designed to reduce the burden of high fuel prices on Nigerians, not to reinstate fuel subsidies. The current fuel price varies by location, with Abuja and Lagos having different prices. For example, in Abuja, the current price is Naira 1,370 per liter, while in Lagos, it is Naira 1,350 per liter.
With the NNPC Fuel App, users can check the current fuel price and calculate the amount they will pay after the reduction. For instance, in Abuja, a user will pay Naira 1,304 per liter, while in Lagos, they will pay Naira 1,284 per liter. This program is expected to provide a significant relief to Nigerians who use fuel for their daily activities.
The NNPC has assured Nigerians that the program is genuine and aimed at providing relief to the masses. The program is part of the government's efforts to mitigate the impact of high fuel prices on Nigerians. The reduction in fuel price at NNPC stations is expected to bring some respite to Nigerians who have been bearing the brunt of high fuel prices.
Key points
- The Nigerian government has introduced a 30-day fuel price reduction at NNPC stations, with a Naira 66 per liter discount.
- The reduction applies to fuel purchased through the NNPC Fuel App at NNPC stations.
- The program is designed to provide relief to Nigerians from high fuel prices, not to reinstate fuel subsidies.
