Pump prices may spike as Tinubu imposes 15% import duty on petrol, diesel – Newstrends
Connect with us

metro

Pump prices may spike as Tinubu imposes 15% import duty on petrol, diesel

Published

on

President Bola Ahmed Tinubu

Pump prices may spike as Tinubu imposes 15% import duty on petrol, diesel

President Bola Ahmed Tinubu has approved the implementation of a 15% ad-valorem import duty on premium motor spirit (PMS), commonly known as petrol, and automotive diesel oil, marking a major shift in Nigeria’s fuel pricing framework.

The directive, conveyed in a letter dated October 21, 2025, was signed by Damilotun Aderemi, Private Secretary to the President, and addressed to the Federal Inland Revenue Service (FIRS) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).

READ ALSO:

According to the correspondence, the decision follows a recommendation by the FIRS to apply the 15% duty based on the cost, insurance, and freight (CIF) value of imported petroleum products. Government officials say the move is intended to align fuel import costs with current market realities and bolster national revenue.

Industry analysts warn that the new policy could lead to a significant increase in pump prices, with estimates suggesting petrol may rise by as much as ₦99.72 per litre. The development is expected to reignite public debate over fuel subsidies and affordability.

The introduction of the import duty comes amid broader efforts by the Tinubu administration to reform Nigeria’s energy sector and reduce fiscal burdens associated with fuel imports. As the policy takes effect, stakeholders across the oil and gas industry are bracing for its impact on consumers and the economy at large.

 

Pump prices may spike as Tinubu imposes 15% import duty on petrol, diesel

(TheCable)

metro

Court Sends Chris Ngige to Kuje Prison on EFCC’s N2.2bn Fraud Charges

Published

on

former Anambra State Governor, Dr. Chris Ngige

Court Sends Chris Ngige to Kuje Prison on EFCC’s N2.2bn Fraud Charges

A High Court of the Federal Capital Territory (FCT) in Gwarinpa has ordered the remand of former Minister of Labour and Employment, Chris Ngige, in Kuje prison pending the hearing of his bail application.

Justice Maryam Hassan issued the order on Friday after Ngige pleaded not guilty to an eight-count charge filed against him by the Economic and Financial Crimes Commission (EFCC).

READ ALSO:

The former minister, who served from November 11, 2015, to May 29, 2023, is being prosecuted for his alleged role in a N2.2 billion contract fraud. The charges include abuse of office and accusations that he received kickbacks from companies that secured contracts from the Nigeria Social Insurance Trust Fund (NSITF).

The court ruled that Ngige should remain in custody until Monday, when his bail application will be heard.

Court Sends Chris Ngige to Kuje Prison on EFCC’s N2.2bn Fraud Charges

Continue Reading

metro

Supreme Court Reinstates Death Sentence for Maryam Sanda Despite Tinubu’s Pardon

Published

on

Maryam Sanda

Supreme Court Reinstates Death Sentence for Maryam Sanda Despite Tinubu’s Pardon

The Supreme Court of Nigeria has reaffirmed the death sentence imposed on Maryam Sanda, daughter-in-law of a former PDP chairman, for the culpable homicide of her husband, Bilyamin Bello, in 2017.

Sanda was convicted by an Abuja High Court on January 27, 2020, and sentenced to death by hanging after being found guilty of stabbing her husband to death at their Abuja residence. She had spent six years and eight months in Suleja prison before President Bola Tinubu reduced her punishment to 12 years under the recent presidential pardon initiative.

READ ALSO:

According to the Attorney General of the Federation, Lateef Fagbemi, SAN, the clemency was granted on “compassionate grounds” and in the “best interest of the children,” noting Sanda’s good conduct, reformed behaviour, and remorse during incarceration.

However, in a split decision of four to one, a five-member panel of the Supreme Court on Friday overturned the executive intervention and reaffirmed the original death sentence. Delivering the lead judgment, Justice Moore Adumein ruled that the prosecution had proved its case beyond reasonable doubt.

The apex court upheld the earlier decisions of both the trial court and the Court of Appeal, describing them as sound and unassailable. It further held that President Tinubu lacked the constitutional authority to issue a pardon in a homicide case that was still under judicial review.

Sanda’s appeal was dismissed for lacking merit, bringing a definitive close to one of Nigeria’s most widely followed murder conviction cases.

Supreme Court Reinstates Death Sentence for Maryam Sanda Despite Tinubu’s Pardon

Continue Reading

metro

Mother, 10-Month-Old Baby Murdered in Katsina Over Alleged Paternity Dispute

Published

on

Katsina State Police Public Relations Officer (PPRO), DSP Abubakar Sadiq Aliyu
Katsina State Police Public Relations Officer (PPRO), DSP Abubakar Sadiq Aliyu

Mother, 10-Month-Old Baby Murdered in Katsina Over Alleged Paternity Dispute

A woman and her 10-month-old baby have been found murdered in Sheme village, Faskari Local Government Area, Katsina State, in what authorities believe was linked to a paternity dispute.

The Katsina State Police Command confirmed that detectives are investigating the incident. In a statement, the Police Public Relations Officer, DSP Abubakar Sadiq Aliyu, said 35-year-old Sahabi Rabi’u has been arrested in connection with the killings, while a second suspect remains at large.

READ ALSO:

Aliyu explained: “During interrogation, the suspect confessed to the crime and admitted conspiring with a friend, now at large, to lure the victims to the outskirts of Sheme village, where they were killed. The bodies were burnt and thrown into a nearby well.”

Investigations revealed that the murder stemmed from a paternity disagreement, which escalated into a brutal killing. The bodies have been recovered, and the suspect is currently in police custody. Efforts are ongoing to apprehend the fleeing accomplice.

Katsina State Commissioner of Police, Bello Shehu, condemned the killings as “barbaric and inhumane,” assuring that justice will be served. He appealed to members of the public to provide information that could assist in capturing the second suspect, with guarantees of confidentiality.

Mother, 10-Month-Old Baby Murdered in Katsina Over Alleged Paternity Dispute

Continue Reading
HostArmada Affordable Cloud SSD Shared Hosting
HostArmada - Affordable Cloud SSD Web Hosting

Trending