Oyedele: Tinubu government has yet to implement petrol price cut to N1,350 per litre

Two weeks after Finance Minister Taiwo Oyedele’s announcement, NNPCL stations in Abuja and nearby areas have yet to apply the proposed petrol price of N1,350 per litre. Most are charging N1,405, up from N1,370 before the announcement, while other stations sell petrol for between N1,395 and N1,429. IPMAN president Abubakar Maigandi said the cut would have eased pressure on motorists and called for it to be extended to other retailers. Oyedele said the proposal did not constitute a return to fuel subsidies, but debate over their possible reinstatement has resurfaced ahead of the 2027 presidential election.