The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has announced that the proposed implementation of a 15% ad-valorem import duty on Premium Motor Spirit (PMS) and Diesel is no longer in view.
In a statement signed by the Director, Public Affairs Department, George Ene-Ita, the Authority clarified that the levy would not take effect, assuring Nigerians of its commitment to maintaining price stability and adequate supply of petroleum products.
“It should also be noted that the implementation of the 15% ad-valorem import duty on imported Premium Motor Spirit and Diesel is no longer in view,” the statement said.
The NMDPRA also assured the public that there is no cause for concern over fuel availability.
“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.”
It added that domestic supply remains robust through both local production and importation.
“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 cautioned marketers and consumers against panic buying, hoarding, or artificial price hikes.
“The Authority wishes to use this opportunity to advise against any hoarding, panic buying or non-market reflective escalation of prices of petroleum products.”
According to the NMDPRA, continuous monitoring of the market will be maintained to ensure stability. “The Authority will continue to closely monitor the supply situation and take appropriate regulatory measures to prevent disruption of supply and distribution of petroleum products across the country, especially during this peak demand period.”
The agency also acknowledged the role of stakeholders in sustaining a stable petroleum supply chain. “While appreciating the continued efforts of all stakeholders in the midstream and downstream value chain in ensuring a smooth and uninterrupted supply and distribution, the public is hereby assured of NMDPRA’s commitment to guarantee energy security.”
Previously, SaharaReporters reported that the President Bola Tinubu-led Nigerian government approved a new 15% import duty on Premium Motor Spirit (petrol) and diesel.
This move by the Tinubu presidency contained in a restricted memo obtained by SaharaReporters was what stakeholders said was actually designed to give billionaire, Aliko Dangote’s Lagos refinery a sweeping advantage over independent fuel importers.
The memorandum dated October 21, 2025, with reference number PRES8197/HAGF/100/71/FIRS/40/88-2/NMDPRA/2, was circulated from the State House to the Attorney-General of the Federation, the Federal Inland Revenue Service (FIRS), and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
The memo, signed by Damilotun Aderemi, the Private Secretary to the President, conveyed President Bola Tinubu’s approval for a new “market-responsive import tariff framework” on petrol and diesel imports.
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