The Nigerian government has suspended the 15% import duty on premium motor spirit and automotive gas oil, according to a statement from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The duty, which President Bola Ahmed Tinubu approved last month to encourage the Dangote Refinery, is now on hold to avoid disrupting the supply and distribution of petroleum products across the country, especially during peak demand periods.
NMDPRA spokesperson George Ene‑Ita said the suspension is intended to ensure an adequate nationwide supply and urged Nigerians not to panic‑buy petrol or diesel. The authority emphasized that the 15% ad valorem import duty on imported premium motor spirit and diesel is no longer being pursued. It also highlighted a robust domestic supply of petroleum products—including petrol, diesel, and liquefied petroleum gas—sourced from both local refineries and imports.
The NMDPRA warned against hoarding, panic buying, or any non‑market‑reflective price escalation, stating it will continue to monitor the supply situation closely and take appropriate regulatory measures to prevent disruptions. It also expressed appreciation for the efforts of stakeholders in the midstream and downstream value chain in maintaining a smooth, uninterrupted supply and distribution network.
The decision to implement the 15% import duty had drawn mixed reactions: some economists and stakeholders argued it would support the Dangote Refinery, while others feared it would increase hardship for Nigerians through higher prices. By suspending the duty, the government aims to alleviate concerns about price hikes and ensure energy security. The NMDPRA reiterated its commitment to guaranteeing energy security and maintaining a stable, uninterrupted supply of petroleum products.
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