Nigerian Government Approves 15% Tariff on Imported Fuel to Boost Energy Independence
The Nigerian government, led by President Bola Tinubu, has approved a 15% tariff on imported petrol and diesel to support the removal of fuel subsidies by 2023. The new tariff framework, effective from October 21, 2025, seeks to balance import and local refining costs to strengthen energy independence.
The tariff is not revenue-driven but designed to protect local refineries like Dangote Refinery. Despite the tariff, retail fuel prices in Lagos are expected to remain relatively stable.
The Nigerian Midstream Downstream Petroleum Regulatory Authority (NMDPRA) will oversee the implementation to ensure market balance and transparency.
Plus234Feed summary based on reporting from Legit NG. Read the original report below.
Read full article
Continue on Legit NG
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Presidency Approves 15% Import Tariff on Petrol and Diesel to Boost Local Refining in Nigeria
Nigerian Petroleum Marketers Warn of Petrol Price Surge Over N1,000/Liter Amid New Import Tariff
Nigerian Government Suspends 15% Import Duty on Fuel to Ensure Stability
Nigerian Government Suspends 15% Import Duty on Petrol and Diesel
Nigerian Presidency Defends 15% Fuel Import Tariff to Boost Local Refineries
Nigerian Government Suspends Import Duty on Fuel, Experts Predict Price Crash
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
