NNPC Petrol Discount Measure Has Tinubu’s Backing – Presidency

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Nigeria

The Presidency has confirmed that the decision by the Nigerian National Petroleum Company Limited (NNPC) Retail to offer a temporary discount on petrol has the full backing of President Bola Tinubu. In a statement, the Presidency explained that NNPC Retail will forgo its retail profit margin and sell petrol at cost for the next 30 days.  Under the arrangement, if the company’s landing cost is…

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