PETROAN Backs Government's Petrol Discount to Cut Costs

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has expressed support for the federal government’s 30-day petrol discount scheme, which aims to reduce transportation costs and ease prices of food and essential commodities. Announced by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, the initiative will apply to petrol supplied by the Nigerian National Petroleum Company Limited, prioritizing public transport operators.

Dr Billy Gillis-Harry, the national president of PETROAN, commended the government for recognizing transportation's strategic importance to the economy. He emphasized that lower petrol costs for transport operators could benefit commuters, traders, farmers, and manufacturers.

PETROAN called for the government to allocate 30% of the discounted petrol volume to its members and to assess the program's outcomes for potential further measures. The association highlighted that reduced transportation costs could lead to lower fares, benefiting households and small businesses, while also moderating inflationary pressures on essential goods.