Nigeria scraps planned 15% import duty on petrol and diesel

Nigeria has dropped plans to introduce a 15 percent import duty on petrol and diesel, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) announced on Thursday, citing assurances of adequate fuel supply through the holiday season.

The tariff, previously approved by President Bola Tinubu as part of fiscal reforms aimed at boosting non-oil revenue, was revealed in a leaked government memo last month and was slated…