Litre of petrol to increase by N99.72 as Tinubu approves 15% import duty
President Bola Tinubu has approved a 15 per cent ad-valorem import duty on diesel and premium motor spirit (PMS), also known as petrol. In a letter dated October 21, 2025, the private secretary to the president, Damilotun Aderemi, conveyed Tinubu’s approval to the Federal Inland Revenue Service (FIRS) and the Nigerian Midstream and Downstream Petroleum…