NNPC extends N66 petrol discount to October 31, denies subsidy return

The Nigerian National Petroleum Company Limited (NNPC Ltd) has extended its N66 per litre petrol discount across its retail outlets nationwide until October 31, insisting that the initiative does not amount to a restoration of petroleum subsidy.
The company said the discount, initially introduced on October 1 to commemorate Nigeria’s 66th Independence Anniversary, was intended to provide relief to motorists amid rising global crude oil prices linked to the conflict in the Middle East.
In a statement issued on Friday, NNPC’s Chief Corporate Communications Officer, Andy Odeh, said the company remained committed to supporting the Federal Government’s efforts to cushion the impact of risi...