President Bola Tinubu has approved a 15% ad-valorem import duty on diesel and petrol (PMS), a move expected to impact pump prices nationwide.
The directive, issued in a letter dated October 21, 2025, by the President’s Private Secretary, Damilotun Aderemi, was addressed to the Federal Inland Revenue Service (FIRS) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).Read Original