US EditionNigeria: CSO Kicks Against Deferment of 15 Percent Import Duty On Fuel, Diesel
- On Thursday, the Nigerian Government suspended implementation of the 15% ad-valorem import duty on Premium Motor Spirit and Automotive Gas Oil, NMDPRA announced in a statement signed by George Ene-Ita.
- Late last month, President Bola Ahmed Tinubu approved the 15% import duty in a letter dated 21 October signed by Damilotun Aderemi, following FIRS Chairman Zacch Adedeji's request to support Dangote Refinery.
- Industry and economists reacted after the proposal, noting Zacch Adedeji, FIRS Chairman, said the duty would raise petrol prices by approximately N99.72 per litre and generated mixed reactions.
- NMDPRA assured Nigerian consumers that petroleum product supplies nationwide remain adequate within the national sufficiency threshold and urged against hoarding and panic buying while monitoring supply.
- Local refineries and imports together provide Premium Motor Spirit, Automotive Gas Oil and Liquefied Petroleum Gas, ensuring timely replenishment of stocks at importers and storage depots nationwide.
28 Articles
28 Articles
FG halts proposed 15% import duty on petrol, diesel
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has announced that the planned introduction of a 15 per cent ad valorem import duty on imported Premium Motor Spirit (petrol) and diesel has been suspended.
Nigerian govt halts implementation of 15% import duty on petrol, diesel
“The implementation of the 15 per cent ad-valorem import duty on imported Premium Motor Spirit (petrol) and Diesel is no longer in view,” the NMDPRA said. The post Nigerian govt halts implementation of 15% import duty on petrol, diesel appeared first on Premium Times Nigeria.
FG Suspends 15% Import Duty On Petrol, Diesel
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has announced the suspension of the 15 per cent ad-valorem import duty on imported Premium Motor Spirit (PMS) and Automotive Gas Oil (AGO), also known as petrol and diesel. This was contained in a statement signed by George Ene-Ita, Director of the Public Affairs Department on Thursday. Daily Trust reports that the introduction of the 15% import duty had generated mixe…
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