Nigeria Set to Pay More as Tinubu Approves New Import Duty on Fuel
Nigerians might soon feel another price adjustment at the pump. The Federal Government has introduced a 15 percent import duty on petrol and diesel, a move approved by President Bola Tinubu.
The new policy was made official through a letter dated October 21, 2025. The President’s Private Secretary, Damilotun Aderemi, signed and sent the directive to the Federal Inland Revenue Service (FIRS) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
This decision came after the FIRS proposed that the 15 percent duty be applied to the cost, insurance, and freight (CIF) value of imported fuel. According to the agency, the move is meant to bring import pricing closer to Nigeria’s current economic reality.
With this new charge in place, petrol could become more expensive, experts estimate an increase of around ₦99.72 per litre.
Meanwhile, the Nigerian National Petroleum Company Limited (NNPCL) has begun reassessing the state of the country’s three refineries. The company says it aims to revive them and reduce reliance on fuel importation in the long run.
