The finance minister has clarified the nature of the NNPC petrol discount. According to the minister, this discount is not a fuel subsidy.
The discount is being absorbed by NNPC Retail from its profit margin. This approach means that the price reduction is not being funded by government money.
Further information on the minister's statement is available from the source, which provides more details on the distinction between the NNPC petrol discount and a fuel subsidy.
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