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 […]

IPMAN: No Fuel Shortage, Avoid Panic Buying

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has assured Nigerians that there is no fuel shortage and urged citizens to avoid panic buying. This statement comes amid concerns over possible supply disruptions, leading to long queues at fuel stations in some areas. IPMAN clarified that the supply chain remains stable and there is no […]

CSOs to Assess Port Harcourt Refinery in January

The National Civil Society Coalition (NCSCN) plans an independent assessment of the Port Harcourt Refinery in January 2025. This follows public interest in the refinery’s performance after a $1.5 billion rehabilitation and its November 2024 reopening, which restored a 60,000-barrel-per-day capacity. NCSCN head, Blessing Akinsolotu, stated the visit is essential to address doubts about the […]