EXPLAINER: Federal Government’s 10 Steps To Ease Petrol Pain

The federal government has announced 10 measures to ease the cost of petrol, while ruling out a return to subsidy. Finance Minister Taiwo Oyedele announced them on Thursday in Abuja.
Here is what each one means.
Petrol now averages about N1,400 a litre, up from about N830 before the Gulf conflict began. Oyedele blamed the war, which is in its eighth month, for the rise. He said Brent crude is above $100 a barrel and that shipping through the Strait of Hormuz is at about 13 per cent of its pre-war level.
The 10 steps
1. NNPC discount . NNPC Limited stations will sell petrol at a margin discount for 30 days, with priority for public transporters nationwide. The government has not sa...