Fuel Prices Drop Nationwide as FG Suspends 15% Import Duty on Petrol, Diesel

Fuel prices across Nigeria have begun to ease after the Federal Government halted plans to introduce a 15 per cent import duty on Premium Motor Spirit (PMS) and diesel. The decision has triggered immediate retail price reductions at major filling stations, offering relief to motorists already grappling with high transportation costs. The suspension was confirmed […]

FG Suspends Implementation of 15% Import Duty on Petrol, Diesel

The Federal Government has put a hold on its earlier plan to introduce a 15 percent import levy on petrol and diesel, a move that had sparked concerns among industry players and consumers. In an official statement released on Thursday, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) confirmed the suspension, reassuring Nigerians of […]