The [Nigerian National Petroleum Company Limited (NNPCL)](https://www.nnpcgroup.com) confirmed that motorists have been benefiting from a N66 per litre reduction on [Premium Motor Spirit (PMS)](https://en.wikipedia.org/wiki/Petrol) at its retail outlets. The discount began on 1 October, coinciding with the nation’s 66th independence anniversary, and is scheduled to continue through 31 October, just before the federal government’s announcement of a new official pump price of N1,350 per litre to offset rising crude oil costs.
**Why was the N66 discount introduced?**
The discount was launched as a customer‑relief measure to celebrate Nigeria’s 66th year of independence. It is intended solely as a temporary promotional offer and does not constitute a reinstatement of any petroleum subsidy.
**How does the discount differ from a subsidy?**
NNPCL stressed that the price cut is a voluntary initiative applied only at its own retail stations. It does not set a uniform national pump price nor alter the market‑based pricing framework that governs petroleum products across the country.
**What is the government’s stance on the new pump price?**
The Minister of Finance and Coordinating Minister of the Economy, [Taiwo Oyedele](https://en.wikipedia.org/wiki/Taiwo_Oyedele), reiterated that the N1,350 price target is aimed primarily at public‑transport operators and clarified that it should not be interpreted as a subsidy.
**What impact does the discount aim to achieve?**
NNPCL said the initiative supports the government’s proactive approach to providing practical relief amid heightened global market uncertainty. The company is collaborating with the government and other stakeholders to soften the effect of rising fuel costs on households, businesses, and the broader economy.
**How is the discount expected to help Nigerians?**
A spokesperson explained that higher fuel prices affect daily life, from commuting expenses to business operating costs. The discount is meant to give direct, short‑term relief to customers during this challenging period while the company maintains reliable product supply and responsible commercial operations.
**What message does NNPC convey to the public?**
The statement urged Nigerians not to view the discount as a revival of a subsidy, emphasizing that the company remains committed to clear communication about its products, pricing, and customer initiatives. It pledged to keep informing the public about the scope and duration of such measures so consumers can make informed purchasing decisions.