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Breaking: Federal Govt Suspends Implementation Of 15% Petroleum Import Duty
The Nigerian Government has suspended the implementation of a 15 per cent import duty on premium motor spirit and automotive gas oil.
The spokesperson of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, George Ene-Ita, disclosed this in a statement on Thursday.
The country’s downstream oil sector regulator urged Nigerians to avoid panic buying of petrol and diesel, assuring the public of adequate supply nationwide.
“It should also be noted that the implementation of the 15 percent ad valorem import duty on imported premium motor spirit and diesel is no longer in view,” NMDPRA stated.
The statement added, “The Nigerian Midstream and Downstream Petroleum Regulatory Authority assures the general public that there is an adequate supply of petroleum products in the country, within the acceptable national sufficiency threshold during this peak demand period.
“There is a robust domestic supply of petroleum products (AGO, PMS, LPG, etc.) sourced from both local refineries and importation to ensure timely replenishment of stocks at storage depots and retail stations during this period.
“The Authority wishes to use this opportunity to advise against any hoarding, panic buying or non-market reflective escalation of prices of petroleum products.
“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.”
Recall that President Bola Ahmed Tinubu, late last month, approved the implementation of a 15 per cent import duty on petrol and diesel to encourage Dangote Refinery.
However, the decision has drawn mixed reactions from economists, stakeholders, and Nigerians.
While some believe it is a good move to encourage Dangote Refinery, others argue that it would further worsen hardship for Nigerians as petrol and diesel prices would rise.
The Confederation of African Football (CAF) has announced Morocco as winners of the 2025 Africa Cup of Nations.
The CAF Appeal Board ruled in favour of Morocco, declaring that Senegal forfeited the AFCON final by walking off the field during the game.
Morocco were awarded a 3–0 walkover victory.
This decision upholds Morocco’s appeal following the chaotic events in the match.
DAILY POST recalls that the Senegal team briefly walked off the pitch in protest after a controversial penalty was awarded to Morocco late in regulation time.
They were called back to the field by their captain, Sadio Mané, and later won the game 1–0.
CAF determined that this action constituted a violation of Article 84, or the equivalent regulations concerning refusal to play or abandoning the field.
Under AFCON rules, a team that refuses to continue playing or leaves the field without authorization faces elimination and forfeiture of the match.
A total of three operatives of different security agencies in Anambra State collapsed during the inauguration of Anambra State Governor, Prof Chukwuma Soludo, on Tuesday.
The incident happened during the parade at the Dr Alex Ekwueme Square in Awka.
The three operatives are one male police operative, another male operative of the Directorate of State Services (DSS) and a female operative of the Nigeria Security and Civil Defence Corps, NSCDC.
The police operative collapsed first, followed by the NSCDC operative, who slumped towards the end of the event and was later escorted to an ambulance, after she refused to be moved in a stretcher.
A source said the police operative was later resuscitated, but was still not stable, and was taken in an ambulance to Chukwuemeka Odumegwu Ojukwu University Teaching Hospital, Amaku Awka.
The collapse of the service officers was attributed to fatigue and the long period of parade under harsh sunny weather.
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