Story perspectives

Nigeria Imposes 15% Duty on Fuel Imports, Prices Surge 22.5%

10/31/2025

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Summary

Story summary

Nigeria's government approved a 15% import duty on petrol and diesel to protect local refineries and curb cheap imports, raising pump prices about 22.5% to N1,163.75 per litre.
The measure is part of broader fiscal reforms affecting energy policy.
The Dangote Refinery, Africa's largest, has struggled with production challenges, prompting critics to cite potential effects on domestic supply.
Supporters say the tariff will foster local refining and reduce import dependency.

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Story summary

Nigeria's government approved a 15% import duty on petrol and diesel to protect local refineries and curb cheap imports, raising pump prices about 22.5% to N1,163.75 per litre.
The measure is part of broader fiscal reforms affecting energy policy.
The Dangote Refinery, Africa's largest, has struggled with production challenges, prompting critics to cite potential effects on domestic supply.
Supporters say the tariff will foster local refining and reduce import dependency.