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Fuel price reduction: Why fixing petrol at N1,350/litre not subsidy reintroduction – Oyedele
Summary by The Lagos Editorial Desk Ogaga Ariemu , as published by Daily Post Nigeria
· October 8, 2026
· 1 min read
Photo: Daily Post Nigeria · view original
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Summary created by The Lagos Editorial Desk — automated, rule-governed Byline on source page Ogaga Ariemu, as published by Daily Post Nigeria Original story Read at the source Source published Oct 8, 2026 Indexed here Oct 8, 2026 AI assistance Automated summary drawn from the source’s own published text Prepublication human review No — editorial rules, flagged-item review, and published samples
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Key points A fixed fuel price of N1,350 per litre has been announced for a 30-day period at certain filling stations. Minister of Finance Taiwo Oyedele has clarified that setting the petrol price at N1,350 per litre is not a reintroduction of subsidy.
Minister of Finance Taiwo Oyedele has clarified that setting the petrol price at N1,350 per litre is not a reintroduction of subsidy. He stated that the government is selling fuel at cost, aiming to keep prices stable and unaffected by global crude oil price swings or exchange rate changes.
A fixed fuel price of N1,350 per litre has been announced for a 30-day period at certain filling stations. This development has received mixed reactions from some individuals.
Further details on this matter are available from the source, including the minister's full explanation and the context of the announcement.
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Category: business Published: October 8, 2026 Source: Daily Post Nigeria Reading time: 1 min
Frequently asked about this story
What is this story about? Minister of Finance Taiwo Oyedele has clarified that setting the petrol price at N1,350 per litre is not a reintroduction of subsidy. He stated that the government is selling fuel at cost, aiming to…
When was this published? This article was first published on October 8, 2026 by Daily Post Nigeria and curated for The Lagos readers.
Who reported this story? This story was reported by Ogaga Ariemu at Daily Post Nigeria. To learn more about how The Lagos selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more business coverage from The Lagos, or browse our daily briefing and topic hubs .
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