NMDPRA scraps proposed 15% import duty on petrol, diesel
Business/Economy
Abuja, FCT – The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has officially shelved plans to impose a 15% ad-valorem import duty on Premium Motor Spirit (PMS/petrol) and Automotive Gas Oil (AGO/diesel).
In a statement posted on its official X handle on Thursday, NMDPRA’s Director of Public Affairs, George Ene-Ita, declared: “The implementation of the 15% ad-valorem import duty on imported Premium Motor Spirit and Diesel is no longer in view.”
The proposed duty, earlier approved by President Bola Tinubu, has been abandoned, bringing relief to importers and consumers amid persistent fuel price concerns.
The Authority also reassured Nigerians of adequate product availability during the peak-demand season, with robust supplies from local refineries (including Dangote) and imports ensuring timely stock replenishment at depots and retail outlets.
NMDPRA warned against hoarding, panic buying, or arbitrary price hikes, stating it will enforce strict regulatory measures to prevent supply disruptions.
The agency commended stakeholders in the midstream and downstream value chain and pledged continued commitment to energy security across the country.
