The Federal Government has suspended the implementation of the 15 percent import duty earlier approved on imported petrol (PMS) and diesel (AGO) across the country.
In a statement issued by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the government clarified that the planned duty “is no longer in view,” assuring Nigerians of adequate fuel supply nationwide.
The duty, which was introduced in October 2025, was initially designed to support local refineries and reduce dependence on imported petroleum products. However, the government said the suspension was necessary to maintain price stability and prevent fuel scarcity.
The NMDPRA also warned fuel marketers against hoarding or arbitrary price increases, stressing that there is sufficient product availability to meet national demand.
Economic analysts say the suspension could provide temporary relief to consumers amid rising transportation and inflation concerns, though it may slow down the policy’s goal of encouraging domestic refining.
