Continue Reading
Full article on OilPrice.com
Nigeria Scraps Plans for Fuel Import Duty in Blow to Local Refiners
Market Intelligence Analysis
AI-Powered
Why This Matters
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.
Market Impact
Market impact analysis based on bearish sentiment with 77% confidence.
Sentiment
Bearish
AI Confidence
77%
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
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…
Original article published by
OilPrice.com
on November 13, 2025.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.