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#import duty

FG Halts 15% Import Duty on Petrol and Diesel to Avert Price Surge

The Federal Government has suspended its earlier plan to implement a 15% import duty on petrol and diesel. The move, announced by the NMDPRA, aims to prevent fuel price hikes and maintain supply stability.

95News•11/13/2025

Article

Federal Government’s 15% Petrol Tariff to Cost Nigerians Nearly ₦1 Trillion Annually

The Nigerian government’s approval of a 15% import tariff on petrol is projected to increase national fuel expenses by nearly ₦1 trillion yearly, raising daily costs by ₦2.67 billion and potentially driving up pump prices for consumers.

95News•11/5/2025

Article

Fuel Price Anxiety Grows as Depot Rate Climbs to ₦889/Litre

Nigerians are growing increasingly anxious as the ex-depot price of petrol hits ₦889 per litre, signaling a potential surge in pump prices and deepening economic strain.

95News•11/1/2025

Article

Tinubu approves 15% import duty on petrol and diesel

President Tinubu has approved a 15 % import duty on petrol and diesel imports, raising projected costs per litre and signalling a strategic shift to protect domestic refining and downstream stability — but likely passing higher costs to consumers.

95News•10/30/2025