Just In: FG Suspends 15% Import Tax On Petrol
The Nigerian government has suspended the planned 15% import tax on petrol and diesel, as announced by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). This decision reverses President Tinubu's previous approval of the tax, which aimed to align import costs with domestic realities and potentially raise petrol prices. The NMDPRA assured the public of adequate fuel supplies during the upcoming holiday season, urging citizens to avoid panic buying and hoarding. The initial proposal, requested by the FIRS and approved in October 2025, would have applied the duty to the cost, insurance, and freight (CIF).
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Verified on Nov 13, 2025