Presidency Approves 15% Import Tariff on Petrol and Diesel to Boost Local Refining in Nigeria
The Presidency, with approval from Tinubu, implements a 15% import tariff on petrol and diesel to enhance local refining capacity, reduce import dependence, and stimulate job creation in Nigeria's oil sector. The move is intended to strengthen the country's energy independence, encourage investments in domestic refineries like Dangote Refinery and Port Harcourt Refinery, and ensure stable fuel supply.
Stakeholders like Ham Fashola support the decision, emphasizing the need to discourage imports and support local refineries. The new tariff structure will be effective from October 30 to November 21, 2025.
Plus234Feed summary based on reporting from NaijaNews. Read the original report below.
Read full article
Continue on NaijaNews
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Tinubu Approves 15% Import Duty on Petrol and Diesel in Nigeria to Boost Fuel Self-Sufficiency
Group Applauds Tinubu's 15% Fuel Import Levy for Economic Reform in Nigeria
Nigeria's Petrol Prices Set to Exceed ₦1,000/Liter as Import Tariff Approved by Tinubu
Nigerian Government Imposes 15% Duty on Imported Fuel to Protect Local Refineries
Nigerian Government Suspends 15% Import Duty on Petrol and Diesel
Otedola Supports Tinubu's 15% Fuel Import Tariff Amid Criticism
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
