Petrol soars above N1,000/ltr as Tinubu okays 15% import tariff.
Petroleum marketers have warned that the pump price of Premium Motor Spirit (PMS), popularly known as petrol, could surpass ₦1,000 per litre following President Bola Tinubu’s approval of a 15 per cent ad valorem import tariff on fuel imports. The new tariff policy, which takes effect after a 30-day transition period ending on November 21, 2025, is part of the Federal Government’s plan to protect local refiners and reduce […]