Tinubu Approves 15% Import Duty on Petrol and Diesel to Protect Local Refineries

President Bola Tinubu has approved the introduction of a 15% ad-valorem import duty on petrol and diesel imports into Nigeria — a move aimed at protecting local refineries and stabilising the downstream market, though it may lead to higher pump prices. In a letter dated October 21, 2025, and publicly reported on October 30, 2025, […]

  General   Oct 30, 2025   0   3  Add to Reading List
Tinubu Approves 15% Import Duty on Petrol and Diesel to Protect Local Refineries
President Bola Tinubu has approved the introduction of a 15% ad-valorem import duty on petrol and diesel imports into Nigeria — a move aimed at protecting local refineries and stabilising the downstream market, though it may lead to higher pump prices. In a letter dated October 21, 2025, and publicly reported on October 30, 2025, […]
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