A total of 149,500 metric tonnes, equivalent to 194.35m litres of Premium Motor Spirit, popularly known as petrol, entered and will land in the country through various ports between Friday, November 21, and Tuesday, November 25, 2025, according to findings by The PUNCH.
This development comes days after the Federal Government announced the postponement of the 15 per cent ad-valorem import duty on petrol import. In October, The PUNCH reported that President Bola Tinubu had approved the introduction of a 15 per cent ad-valorem import duty on petrol and diesel imports into Nigeria.
The initiative is aimed at protecting local refineries and stabilising the downstream market, but it is likely to raise pump prices.
In a letter dated October 21, 2025, reported publicly on October 30, 2025, and addressed to the Federal Inland Revenue Service and the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Tinubu directed the immediate implementation of the tariff as part of what the government described as a “market-responsive import tariff framework.”
The letter, signed by his Private Secretary, Damilotun Aderemi, and obtained by our correspondent, conveyed the President’s approval following a proposal by the Executive Chairman of the FIRS, Zacch Adedeji.
