The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has clarified that the proposed 15% ad-valorem import duty on Premium Motor Spirit (PMS) and diesel is no longer under consideration by the Federal Government.
This was made known in a statement issued on Thursday via the Authority’s official X handle and signed by the Director of Public Affairs, George Ene-Ita.
According to the statement, “The implementation of the 15% import duty on PMS and diesel is no longer in view.”
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NMDPRA also assured Nigerians of adequate fuel supply across the country, noting that PMS, diesel, and liquefied petroleum gas (LPG) are being sourced from both local refineries and imports to meet peak demand periods.
The authority advised against hoarding, panic buying, or price exploitation by marketers, stressing its commitment to monitor supply and take necessary regulatory actions to ensure smooth distribution and energy stability.