Nigeria Plans 15% Levy on Fuel Imports to Boost Revenue and Support Refineries

Nigeria's government is considering imposing a 15% levy on petrol and diesel imports starting in 2026 to enhance revenue and aid local refineries. This move has sparked public debate as critics warn of potential cost hikes for Nigerians already grappling with high fuel prices.

The measure aims to reduce import dependency, stimulate domestic production, and align with broader fiscal reforms. Notably, the Dangote Petroleum Refinery supports the tariff, believing it will stabilize the energy sector and encourage local investments.