Petroleum Industry & Energy Security Archives

October 9, 2026

FG Rejects Fuel Subsidy Return As ₦20 Trillion Annual Cost Looms, Offers Temporary NNPC Discount

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By NINI NDUONOFIT-AKOH NIGERIA’S latest response to rising petrol prices reflects a broader effort to reconcile market-based fuel pricing with the need to protect households, transport operators and businesses from escalating energy costs. The Federal Government has rejected renewed calls to restore the petrol subsidy removed in May 2023, warning that a return to the […]