Oyedele: Tinubu Govt Yet to Implement ₦1,350 Petrol Discount at NNPCL

According to Daily Post, published on October 22, 2026, the Federal Government has yet to implement the proposed petrol price of ₦1,350 per litre at Nigerian National Petroleum Company Limited (NNPCL) filling stations, two weeks after the announcement by the Minister of Finance, Taiwo Oyedele.

Oyedele announced the proposed discounted price on October 8, 2026, arguing that Nigerians should not be left entirely exposed to fluctuations in international oil prices. He also clarified that the proposal did not represent a return to fuel subsidy.

However, checks conducted by Daily Post at NNPCL retail outlets in Abuja and surrounding areas indicated that the proposed price had not been reflected at the pumps as of October 22.

According to the report, most of the NNPCL stations checked were selling petrol at ₦1,405 per litre, above the proposed ₦1,350 rate. The report also noted that the company’s pump price had risen from ₦1,370 to ₦1,405 per litre following the announcement.

Other filling stations in the areas covered by the report were selling petrol at prices ranging from ₦1,395 to ₦1,429 per litre.

The delay has raised questions about when motorists might benefit from the proposed reduction and whether the arrangement would eventually extend to independent petroleum marketers.

Speaking to Daily Post, Abubakar Maigandi, president of the Independent Petroleum Marketers Association of Nigeria (IPMAN), said implementing the proposed price would have provided relief for motorists.

Maigandi also expressed the hope that independent marketers would be included if the arrangement became operational.

He said: “It would have been good if the discounted fuel price at NNPCL, as announced by the Minister of Finance, Mr Taiwo Oyedele, had been implemented, but I don’t think that has been the case. Marketers hope it is implemented and extended to us.”

President Bola Tinubu’s administration removed the petrol subsidy in May 2023, but fuel affordability remains a major issue for Nigerians.

With the 2027 presidential election approaching, petrol prices continue to feature in political discussions. The proposed ₦1,350 price, however, had yet to reflect at the NNPCL outlets covered by Daily Post’s report as of October 22, 2026.