NNPC Implements App-Only Petrol Discount, Risks N4.62bn Loss

The Nigerian National Petroleum Company Limited (NNPC) has implemented a restriction on its N66-per-litre petrol discount, requiring motorists to download its mobile application and make digital payments to benefit from the discount. As of October 7, 2026, petrol was priced at N1,405 per litre at NNPC stations for direct payments, while app users paid N1,339 per litre.

This discount initiative, introduced on October 1 to celebrate Nigeria's 66th Independence Anniversary, has been extended until October 31, 2026, following an announcement by Taiwo Oyedele, the Minister of Finance and Coordinating Minister of the Economy. The initiative aims to alleviate the financial burden on Nigerians amid rising international crude oil prices.

If all of NNPC's average monthly petrol sales of 70 million litres qualify for the discount, the company could forgo approximately N4.62bn in gross revenue, as the discounted sales would generate N93.73bn compared to N98.35bn at the regular price.