#FG Suspends 15% Fuel Import Duty

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has announced the suspension of the proposed 15% ad-valorem import duty on imported petrol (PMS) and diesel (AGO), effectively preventing a sharp rise in fuel prices across the country. The tariff, initially approved by the Federal Government, was to be applied to the Cost, Insurance, and…