Nigerian govt halts implementation of 15% import duty on petrol, diesel
The Nigerian government has rescinded its recently approved 15% import duty on petrol and diesel, as announced by the NMDPRA. This decision reverses President Tinubu's initial directive, which aimed to bolster local refining capacity, particularly in light of the Dangote refinery's output. The initial policy faced criticism over concerns it would increase fuel prices and worsen economic conditions. The NMDPRA assured the public that there's sufficient domestic fuel supply from both local refineries and imports, advising against hoarding or price gouging and committing to maintaining energy security.
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Verified on Nov 13, 2025