The Nigerian National Petroleum Company Limited (NNPC) has extended its N66-per-litre petrol discount until October 31, providing motorists with an additional three weeks of relief as fuel prices rise amid the Middle East conflict.
The company stated that the discount, launched on October 1 to commemorate Nigeria’s 66th Independence Anniversary, would remain in effect throughout the month at its retail outlets across the country.
The extension comes as the Federal Government steps up efforts to ease the effects of high global crude oil prices on households, businesses and the broader economy.
On Thursday, the government announced that NNPC would waive its retail profit margin on petrol, allowing the product to be sold at a reduced price as part of measures to shield Nigerians from the impact of fluctuations in international crude oil prices.
The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, said that NNPC Limited would offer discounted petrol at its filling stations nationwide for 30 days, with priority given to public transport operators.
“We are offering a discount on petrol dispensed by NNPC Limited for the next 30 days, with priority for public transporters nationwide,” he said without giving the exact amount.
But in a statement issued on Friday by its Chief Corporate Communications Officer, Andy Odeh, NNPC said the N66 sales discount, which commenced on 1 October 2026 to commemorate Nigeria’s 66th Independence Anniversary, will now continue until 31 October 2026 across NNPC Retail stations nationwide.
He said the initiative was intended to provide practical relief to Nigerians without reversing the government’s market-based petroleum pricing policy.
The company said, “Following the statement by the Honourable Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, on 8 October 2026, NNPC Limited reiterates its commitment to working with the government and stakeholders to cushion the impact of rising fuel prices on households, businesses and the wider economy. Before the announcement, NNPC Limited had introduced a N66 sales discount on 1 October 2026 to commemorate Nigeria’s 66th Independence Anniversary. This will now continue until 31 October 2026 across NNPC Retail stations nationwide.
“This discount is a customer relief initiative and does not represent the reintroduction of petroleum subsidy.”
NNPC said the decision was consistent with the government’s approach to easing the pressure of rising fuel costs following a statement by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, on October 8, 2026.
The company reiterated its commitment to working with the government and other stakeholders to limit the effects of global market uncertainties on Nigerians.
However, the oil firm stressed that the extension should not be interpreted as a return to the petrol subsidy regime, which the Federal Government removed in May 2023.
It added that the initiative applied only to NNPC Retail outlets and did not establish a uniform petrol price nationwide or change the market-based pricing framework governing petroleum products.
“We recognise that higher petrol prices affect everyday life, from the cost of commuting to the expenses of running a business. We understand the strain on families and livelihoods, and this discount is intended to provide direct relief to customers during this difficult period.
“This initiative supports the government’s responsible and proactive approach to providing practical relief to Nigerians during a period of heightened global market uncertainty. The initiative applies to NNPC Retail outlets and does not establish a uniform national pump price or alter the market-based pricing framework applicable to petroleum products,” the company added.
The clarification comes as fluctuations in international crude oil prices continue to influence domestic petrol costs, placing pressure on transport operators, traders, manufacturers and households that depend on petrol for mobility and power generation.
Since the removal of the petrol subsidy, pump prices have largely reflected market conditions, including international crude oil prices, foreign exchange movements, refining and distribution costs, and competition among suppliers.
The policy has reduced the Federal Government’s direct expenditure on keeping petrol prices artificially low but has also exposed consumers to changes in global energy markets.
NNPC said it remained committed to maintaining reliable petroleum product supplies while operating on a commercially responsible basis.
The company stated, “Our priority is to provide practical support while maintaining commercially responsible operations. We will continue to explain the scope and duration of our customer initiatives clearly, so Nigerians can make informed purchasing decisions.”
It urged Nigerians to disregard suggestions that the extension amounted to a restoration of the subsidy regime, insisting that the discount was a limited customer support measure.
The company added that it would continue to communicate clearly about its products, prices and customer initiatives.
“We assure the public that our commitment to reliable supply and responsible customer service remains firm,” NNPC said, while appreciating Nigerians for their continued patronage and support.