Petrol May Rise to ₦1,163/Litre as FG Targets ₦4.8tr from New Tariffs
No Comments on Petrol May Rise to ₦1,163/Litre as FG Targets ₦4.8tr from New Tariffs
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…
NIPSS Assures Nigerians Petrol Prices Will Drop to ₦750 as Local Refineries Begin Operations
April 1, 2025
The National Institute for Policy and Strategic Studies (NIPSS) has assured Nigerians that the price of Premium Motor Spirit (PMS), also known as petrol, will decrease as Dangote Refinery and other local refineries begin operations. Before the removal of…