By our reporter 13.11.2025
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has hinted that the recently 15 percent tariff proposed by President Bola Tinubu will not be implemented any time soon.
NMDPRA Director, Public Affairs Department, George Ene-Ita said in a statement Thursday the 15 per cent ad-valorem import duty on petrol and diesel had been suspended.
President Tinubu had approved the 15 per cent import duty on petrol and diesel, and issued a directive on October 21, 2025, to the Federal Inland Revenue Service (FIRS), NMDPRA, and the Nigeria Customs Service, to the that effect.
But according to the NMDPRA there was no need for such measure at the moment since there was enough supply of petroleum products.
“The Authority wishes to use this opportunity to advise against any hoarding, panic buying or non-market reflective escalation of prices of petroleum products,” said the NMDPRA statement.
“It should also be noted that the implementation of the 15 per cent ad-valorem import duty on imported Premium Motor Spirit and Diesel is no longer in view.
“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 this peak demand period.
“While appreciating the continued efforts of all stakeholders in the midstream and downstream value chain in ensuring a smooth and uninterrupted supply and distribution, the public is hereby assured of NMDPRA’s commitment to guarantee energy security.”
