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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