Nigeria Scraps Plans for Fuel Import Duty in Blow to Local Refiners

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Nigeria has scrapped plans to impose a 15% duty on imported refined petroleum products, which may negatively impact local refiners, including billionaire Aliko Dangote's refinery, by reducing their competitiveness in the market.

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Market impact analysis based on bearish sentiment with 77% confidence.

المشاعر
Bearish
ثقة الذكاء الاصطناعي
77%

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Nigeria is abandoning plans to impose a 15% duty on imported refined petroleum products, which is a blow to its new private domestic refinery of billionaire Aliko Dangote. “The implementation of the 15 per cent ad-valorem import duty on imported Premium Motor Spirit and Diesel is no longer in view,” the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) said on Thursday in a statement advising against “panic buying of any petroleum product.” There is an adequate supply of petroleum products…

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المقال الأصلي منشور بواسطة OilPrice.com في نوفمبر 13, 2025.
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