Tinubu Shift 15% Fuel Import Duty Go Q1 2026

Di Federal Government don approve say dem go postpone di 15 per cent import duty wey suppose affect petrol and diesel go di first quarter of 2026, opposite di earlier idea wey talk say suspension dey indefinite. Di deferment, wey President Bola Tinubu approve, follow request from Federal Inland Revenue Service (FIRS) Chairman, Dr Zacch Adedeji, after strategic consultation with stakeholders make market ready and rollout smooth. Di duty wey dem approve on October 21, 2025, na to boost local refining, stabilise fuel price, and balance competition between imported and local fuel. Adedeji yarn say di deferment go allow government monitor local refining performance, align di tariff rollout with production data and consumer price trends, and make di levy economically sustainable and socially responsible. NMDPRA confirm say supply of petrol, diesel, and cooking gas dey robust and warn against panic buying or hoarding to protect market stability.

Oil marketers and industry experts hail Tinubu decision, yarn say dis move go prevent fuel price hike and inflation. Billy Gillis-Harry, PETROAN president, talk say government dey responsive and aware of market realities. Chinedu Ukadike, IPMAN publicity secretary, also commend suspension as people-centred decision. Olatide Jeremiah, CEO Petroleumprice.ng, add say 15 per cent tariff na bad timing, e fit discourage fuel import while local refineries never full ready. Market watchers talk say pushback from industry, political wahala, and price implications trigger di U-turn. Di deferment go give Dangote Refinery and other plants time to stabilise production, while NMDPRA go continue monitor supply chain to make sure fuel distribution smooth nationwide.