Petrol May Rise to ₦1,163/Litre as FG Targets ₦4.8tr from New Tariffs
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October 31, 2025
The Federal Government plans a new tariff regime that could push petrol prices to about ₦1,163.75 per litre and generate ₦4.8 trillion annually from taxes on petrol and diesel. The proposal introduces a 15% import duty and 7.5% VAT, effectively…