The Federal Government has announced 10 measures to cushion the impact of rising petrol prices and protect households, businesses and transport users from further price shocks.
The measures were outlined by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, on Thursday during a press briefing on fuel prices and the subsidy question in Abuja.
The government said the measures were designed to ease the immediate burden of higher petrol prices without returning to a blanket fuel subsidy.
Here are the 10 measures announced by the Federal Government:
1. 30-day petrol discount at NNPC stations
The government will offer a margin discount on petrol dispensed by the Nigerian National Petroleum Company Limited for the next 30 days.
“We are offering a discount on petrol dispensed by NNPC Limited for the next 30 days, with priority for public transporters nationwide,” Oyedele said.
Oyedele said the measure was not
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