The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has announced that the planned implementation of a 15 per cent ad-valorem import duty on imported Premium Motor Spirit (petrol) and Automotive Gas Oil (diesel) will no longer proceed.
In a statement posted on its official X (formerly Twitter) handle on Thursday, the Director of Public Affairs at the NMDPRA, George Ene-Ita, confirmed that “the implementation of the 15 per cent ad-valorem import duty on imported Premium Motor Spirit and Diesel is no longer in view.”
The Authority also assured the public of sufficient petroleum product availability nationwide, stating that current stock levels remain within the acceptable national sufficiency threshold during this peak demand period.
According to the statement, there is a steady domestic supply of petroleum products—including petrol, diesel, and liquefied petroleum gas—sourced from both local refineries and imports to ensure timely replenishment of depots and retail outlets.
The NMDPRA advised marketers and consumers to avoid hoarding, panic buying, or any artificial price increases, noting that it continues to monitor market conditions closely. It added that appropriate regulatory actions will be taken to prevent disruptions in the supply and distribution of petroleum products across the country.
While acknowledging the cooperation of stakeholders in the midstream and downstream sectors, the Authority reaffirmed its commitment to maintaining energy security and ensuring a stable supply of petroleum products nationwide.
