THUR NOV 13 2025-theGBJournal| The Federal Government has suspended the implementation of the 15% ad-valorem import duty on imported Premium Motor Spirit and Diesel with the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) confirming that the policy is no longer in view.
Earlier policy proposal sought the application of the 15% duty on the cost, insurance, and freight value of imported petrol and diesel, and initially introduced as part of the Federal Government’s new tariff framework for petroleum products.
It was equally meant as part of Federal Government’s support for emerging local refineries.
George Ene-Ita, Director, Public Affairs Department, NMDPRA who confirmed the suspension of the policy today, also advised Nigerians against any hoarding, panic buying or non-market reflective escalation of prices of petroleum products.
Ene-Ita said the Authority will continue to closely monitor the supply situation and take appropriate regulatory measures to prevent disruption of supply and distribution of petroleum products across the country, especially during the peak demand period.
He equally assured that that there is adequate supply of petroleum products in the country, ”within the acceptable national sufficiency threshold during this peak demand period.”
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