15% Import Duty on Petrol, Diesel No Longer in View – NMDPRA

By Chinedu Echianu

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has clarified that the proposed implementation of the 15 per cent import duty on imported Premium Motor Spirit (petrol) and Automotive Gas Oil (diesel) is no longer under consideration.

This clarification was contained in a statement issued on Thursday by the Authority’s Director of Public Affairs, George Ene-Ita, via its official X handle.

“It should also be noted that the implementation of the 15 per cent ad-valorem import duty on imported Premium Motor Spirit and Diesel is no longer in view,” the statement read.

Earlier, reports had indicated that President Bola Tinubu approved the introduction of the 15 per cent duty on petrol and diesel imports into the country.

The NMDPRA further assured Nigerians of sufficient fuel supply across the nation, noting that current stock levels remain within the national sufficiency threshold despite increased demand.

“There is a robust domestic supply of petroleum products—diesel, petrol, and LPG—sourced from both local refineries and importation to ensure timely replenishment of stocks at storage depots and retail stations during this period,” Ene-Ita added.

The Authority also cautioned against panic buying, hoarding, or arbitrary price hikes, stressing that it would continue to monitor market activities and take necessary regulatory actions to prevent supply disruptions.

“While appreciating the continued efforts of all stakeholders in the midstream and downstream value chain, the public is hereby assured of NMDPRA’s commitment to guaranteeing energy security,” the statement concluded.