Petrol Discount Funded From NNPC Retail’s Margin, Not Federation Account, FG Says

The federal government has said the discount on petrol at NNPC Retail Limited stations is paid for out of the company’s own retail margin and not from the federal budget or the Federation Account.
Minister of finance and coordinating minister of the economy, Taiwo Oyedele, said this in a statement on Friday, responding to commentators who described the discount as a return of fuel subsidy.
FG Offers 30-day Petrol Discount At NNPC Stations
He said NNPC Retail buys petrol from the Dangote Refinery and other suppliers at market prices, on commercial terms, then adds its margin to set the pump price. The discount comes out of that margin alone, so the discounted pump price remains marke...