FG suspends 15% import duty on petrol, diesel
The Federal Government (FG) has suspended the planned 15 percent Value Added Tax (VAT) on imported petrol and diesel.
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) announced the decision in a statement by its Director of Public Affairs, George Ene-Ita.
“It should be noted that the implementation of the 15 percent ad-valorem import duty on imported Premium Motor Spirit and Diesel is no longer in view,” he said, adding that the decision was taken to stabilize domestic supply and prevent unnecessary price escalation in the downstream sector.
Ene-Ita assured Nigerians of adequate petroleum supply from local refineries and importers, assuring Nigerians that the current stock level does not warrant scarcity, panic buying, or price increases.
The government had earlier approved the tariff as part of a new policy to encourage local refining, reduce import dependence, and align import costs with domestic production realities. The measure was scheduled for implementation on November 21, 2025, after a 30-day transition period.
