FG Suspends Plannned 15% Import Duty On Petroleum products - Politics

FG Suspends Plannned 15% Import Duty On Petroleum products - Politics - Nairaland

Nairaland Forum › Nairaland General › Politics › FG Suspends Plannned 15% Import Duty On Petroleum products (7918 Views)

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FG Suspends Plannned 15% Import Duty On Petroleum products by iwaeda(op): 11:39am On Nov 13, 2025

PRESS STATEMENT

NMDPRA ADVISES AGAINST PANIC BUYING OF ANY PETROLEUM PRODUCT

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) wishes to assure the general public that there is adequate supply of petroleum products in the country, within the acceptable national sufficiency threshold during this peak demand period.

There is 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 petroleumproducts.

It should also be noted that the implementation of the I5% ad-valorem import duty on imported Premium Motor Spirit and Diesel is no longerin view.

The Authority will continue to closely monitor the supply situation and takeappropriate regulatory measures to prevent disruption of supply anddistribution of petroleum products across the country, especially during thispeak demand period.

While appreciating the continued efforts of all stakeholders in the midstreamand downstream value chain in ensuring a smooth and uninterrupted supplyand distribution, the public is hereby assured of NMDPRA's commitment toguarantee energy security.

Signed

George Ene-Ita

Director, Public Affairs Department, NMDPRA

https://x.com/NMDPRA_Official/status/1988846334548312195?t=Czezto7orT4fuxcjR7Puyg&s=19

5 Likes 2 Shares

Re: FG Suspends Plannned 15% Import Duty On Petroleum products by Bentacur007: 11:41am On Nov 13, 2025

Political interest
He knows 2027 is very near

25 Likes 1 Share

Re: FG Suspends Plannned 15% Import Duty On Petroleum products by iwaeda(op): 11:55am On Nov 13, 2025

Nlfpmod, do this government have any plan, everything has been reversed, except SUBSIDY is gone. grin

27 Likes 1 Share

Re: FG Suspends Plannned 15% Import Duty On Petroleum products by Richtaiwo(m): 11:59am On Nov 13, 2025

Bentacur007:
Political interest
He knows 2027 is very near

Always think straight and stop all these unfounded wacked and jaundiced deductions.

10 Likes

Re: FG Suspends Plannned 15% Import Duty On Petroleum products by CodeTemplarr: 12:46pm On Nov 13, 2025

Bentacur007:
Political interest
He knows 2027 is very near

politics is like anambra egusi soup, you need to balance the bitterness of the bitterleaf and the saucy taste of the remaining condiments. Yekini is just being a good cook.

7 Likes

Re: FG Suspends Plannned 15% Import Duty On Petroleum products by Macphenson: 12:48pm On Nov 13, 2025

Always going back and forth. Tinubu is just an arrogant failure.

26 Likes 1 Share

Re: FG Suspends Plannned 15% Import Duty On Petroleum products by Racoon(m): 12:50pm On Nov 13, 2025

Govt of trials and errors. Always rash with policies affecting the masses. This still confirms the daft reasoning and economic cluelessness of all the economic think tank under the Tinubu's rudderless government Useless of all useless.

20 Likes

Re: FG Suspends Plannned 15% Import Duty On Petroleum products by GrammarNazi1(m): 1:08pm On Nov 13, 2025

Oh, really!

That's quite interesting!

33 Likes 1 Share

Re: FG Suspends Plannned 15% Import Duty On Petroleum products by nairalanda1(m): 1:09pm On Nov 13, 2025

Yep, the owner of malta refinery cannot take action against themselves... cheesy

APC, you scratch my back, I'll scratch yours... grin

29 Likes 1 Share

Re: FG Suspends Plannned 15% Import Duty On Petroleum products by omoredia: 1:09pm On Nov 13, 2025

Africa is not very productive cos we have more faith that God will use the next person to do things for us rather than having faith that God will use us to do things for ourselves

6 Likes

Re: FG Suspends Plannned 15% Import Duty On Petroleum products by Kastonkastroll(m): 1:10pm On Nov 13, 2025

Good decision... The timing was wrong but because some people have vested interest in the dangote refinery, they don't care about the suffering that tariff would push 85% of Nigerians into.

We need to have like 4 refineries working in full capacity before we ever think of banning importation of petrol and diesel!

8 Likes

Re: FG Suspends Plannned 15% Import Duty On Petroleum products by Tekzyflex(m): 1:10pm On Nov 13, 2025

Everything about nigeria is to the benefit of the elites and has a political undertone.

1 Like

Re: FG Suspends Plannned 15% Import Duty On Petroleum products by adamkkk: 1:12pm On Nov 13, 2025

Good. Where are those defending it.

1 Like

Re: FG Suspends Plannned 15% Import Duty On Petroleum products by lailo: 1:12pm On Nov 13, 2025

trumps effect.
if u dont know the damage international bodies are having on our economy, u are a genZ

4 Likes

Re: FG Suspends Plannned 15% Import Duty On Petroleum products by SpaceX: 1:13pm On Nov 13, 2025

Are the refineries working, for how long have they being working and what is the capacity? These are more valid questions that need immediate answers...

1 Like 1 Share

Re: FG Suspends Plannned 15% Import Duty On Petroleum products by rhythyson: 1:13pm On Nov 13, 2025

God thank you ooooo

this country sha

Re: FG Suspends Plannned 15% Import Duty On Petroleum products by AustineE1: 1:14pm On Nov 13, 2025

Why did you suspend it,I thought you want to strangulate Nigerians with draconian laws and policies.
Inspite of Dangote reduction of price of gas,the price of gas rather than going down,has gone above the normal #1100 it was sold before,this is so because most importers are no longer importing because of the obnoxious tax and the pressure of supply to the entire nation now lies on the door step of Dangote,which is practically impossible for him to supply the whole nation.
When demand is more than supply,it is quite natural for prices to go up. Those whom have been augmenting the supply from Dangote with importation are no longer doing so!
Anyway thankGod the president listened to the voice of reason!

2 Likes 1 Share

Re: FG Suspends Plannned 15% Import Duty On Petroleum products by chicfarmer: 1:14pm On Nov 13, 2025

You can say the government is a listening government, but the policy twists and reversals is getting too much o.
It gives the impression that advisers do not do enough deep thinking and consultations before advising the president. He too should weigh things before giving his approval. undecided

3 Likes

Re: FG Suspends Plannned 15% Import Duty On Petroleum products by Esthered: 1:15pm On Nov 13, 2025

How would Dangote react to this?

Re: FG Suspends Plannned 15% Import Duty On Petroleum products by bigdammyj: 1:15pm On Nov 13, 2025

Reading and Noted.

5 more characters needed

Re: FG Suspends Plannned 15% Import Duty On Petroleum products by Didijiji: 1:15pm On Nov 13, 2025

Richtaiwo:
Always think straight and stop all these unfounded wacked and jaundiced deductions.

did he lie?

Nigerians will suffer if they mistakenly allow Tinubu another term

He is just mellowing because of the next elections

2 Likes

Re: FG Suspends Plannned 15% Import Duty On Petroleum products by seunoyeleyep(f): 1:16pm On Nov 13, 2025

Richtaiwo:
Always think straight and stop all these unfounded wacked and jaundiced deductions.

You are clever by half. He is right.

Re: FG Suspends Plannned 15% Import Duty On Petroleum products by Alliswell248: 1:17pm On Nov 13, 2025

Bentacur007:
Political interest
He knows 2027 is very near

Yes...there is nothing the third class lambq man who was disgr@ced by Soludo can do.

Apc press his neck even in his village

1 Like

Re: FG Suspends Plannned 15% Import Duty On Petroleum products by Alliswell248: 1:18pm On Nov 13, 2025

Didijiji:
did he lie?

Nigerians will suffer if they mistakenly allow Tinubu another term

He is just mellowing because of the next elections

Talk about yourself.
Tinubu is the right man.
The man who was disgr@ced by Gov Solution can't be our president

Re: FG Suspends Plannned 15% Import Duty On Petroleum products by favour32(m): 1:19pm On Nov 13, 2025

Didijiji:
did he lie?

Nigerians will suffer if they mistakenly allow Tinubu another term

He is just mellowing because of the next elections

He is got no idea other than taxes.

Re: FG Suspends Plannned 15% Import Duty On Petroleum products by oluwaseyi0: 1:20pm On Nov 13, 2025

Better
Why kill Nigerian with taxes after removing fuel subsidy
Let dangote compete rather than tax competitors to death

Re: FG Suspends Plannned 15% Import Duty On Petroleum products by Basicend: 1:26pm On Nov 13, 2025

I knew from the onset that that thing will not fly.

Some of Tinubu's executive orders were not comprehensively analysed before being signed.

Even the so called new "tax laws" from January, 2026 will still be further revised or suspended too. Mark my words.

Most Nigerians are extremely suffering currently, and the govt have not yet come to terms with the clear reality.

5 Likes

Re: FG Suspends Plannned 15% Import Duty On Petroleum products by heysquare(m): 1:26pm On Nov 13, 2025

Bentacur007:
Political interest
He knows 2027 is very near

US l economics interest

Re: FG Suspends Plannned 15% Import Duty On Petroleum products by Buhari4dullard: 1:28pm On Nov 13, 2025

All the loans , cancelled fuel subsidy & taxes, yet no progress 😞

This is what U get when we expect a drug kingpin to operate like an economist 😒

1 Like

Re: FG Suspends Plannned 15% Import Duty On Petroleum products by Didijiji: 1:30pm On Nov 13, 2025

Alliswell248:
Talk about yourself.
Tinubu is the right man.
The man who was disgr@ced by Gov Solution can't be our president

right man to do what?

To lead Nigeria further into insecurity, inflation etc. I can’t be as proud as he is with the current state of Nigeria

Re: FG Suspends Plannned 15% Import Duty On Petroleum products by SalamRushdie: 1:31pm On Nov 13, 2025

Lol once again I have been vindicated ..the crafty man strikes again , we told you it was all deception to try to make it look like they support Dangote 😆😆😆

Re: FG Suspends Plannned 15% Import Duty On Petroleum products by system21: 1:31pm On Nov 13, 2025

Watch how zombies who praised government on this calamitous policies will change tone

1 2 Reply

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