FG suspends 15% import duty on petrol, diesel.
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has announced the suspension of the proposed 15 percent ad-valorem import duty on Premium Motor Spirit (PMS) and Automotive Gas Oil (AGO), commonly known as petrol and diesel. According to the Authority, the decision is intended to stabilize the domestic energy market, maintain steady product availability, and prevent an unnecessary rise in pump prices across the country. In a statement issued […]