Nigeria Sees Spike in Petrol Imports After FG Delays 15% Fuel Duty

Story: Written by Myra November 24,2025

Nigeria has witnessed a sharp jump in petrol shipments just days after the Federal Government suspended the planned 15% ad valorem import duty on Premium Motor Spirit (PMS) and diesel.

Fresh data from the Nigerian Ports Authority (NPA) show that between Friday, 21 November, and Tuesday, 25 November 2025, about 149,500 metric tonnes of petrol—equivalent to 194.35 million litres—either arrived in the country or is scheduled to berth at local ports.
#FuelSupply #NPAUpdates #EnergyMarkets

The fuel rush follows the government’s decision to delay the proposed tariff originally approved by President Bola Tinubu in October as part of a new market-driven tariff framework designed to support domestic refining and stabilise the downstream sector.
The 15% charge—calculated on the cost, insurance and freight (CIF) value of imported fuel—was projected to raise pump prices once implemented.
#FGPolicy #ImportTariff #NigeriaEconomy

The approval was communicated in a letter issued on 21 October 2025, signed by the President’s Private Secretary, Damilotun Aderemi, following recommendations from FIRS Chairman Zacch Adedeji.
However, implementation has now been pushed to Q1 2026, prompting importers to fast-track new shipments.
#PolicyShift #FuelPricing #DownstreamReform

Tincan Island Tops Port Receipts

According to the latest Shipping Position bulletin from the NPA, Tincan Island Port handled the largest volume of recent PMS imports—58,500 metric tonnes—within just two days.

Other ports also recorded significant activity:

• Calabar Port: 46,000 metric tonnes
• Warri Port: 45,000 metric tonnes
  #PortOperations #MaritimeNews

Breakdown of fuel movements at Tincan Island:

• Friday, 21 November: 28,000 MT discharged at Kirikiri Lighter Terminal (KLT) Phase 3A
• Saturday, 22 November: 20,500 MT offloaded at the same facility
• Another vessel delivered 10,000 MT to KLT Phase 2
  #LagosPorts #ShippingTraffic

Upcoming and recent arrivals include:
Calabar Port:

• 16,000 MT expected Monday (Dozzy Oil and Gas)
• 30,000 MT expected Tuesday (North West Petroleum)

Warri Port:

• 15,000 MT discharged Friday (Rainoil Terminal)
• 30,000 MT on Saturday (Rainoil & Matric Energy)
  #OilAndGas #EnergyLogistics

The Shipping Position is a daily NPA publication tracking vessel schedules and cargo volumes across major seaports including Apapa, Tincan, Onne, Rivers, Calabar, and Delta.
#NigerianPorts #CargoMovement

Downstream Market Reacts to Dangote Refinery Price Shift

Fuel importers had earlier hinted at cutting back on petrol imports after the Dangote Refinery reduced its gantry price by ₦49 per litre, a move that reshaped competition in the downstream space.
#DangoteRefinery #FuelMarket #PetroleumSector

The now-suspended 15% duty would have widened the price gap between imported fuel and locally refined petrol.
But with implementation postponed until 2026, traders have rushed to take advantage of the tariff-free window—driving the surge in PMS cargoes arriving across Nigerian ports.