Tag: #NigeriaPetroleum
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NIGERIA TAKES STRONG STEP WITH 15% TAX ON IMPORTED PETROL AND DIESEL TO BOOST LOCAL REFINING
Enugu Chamber of Commerce, Industry, Mines and Agriculture (ECCIMA) has praised the Federal Government’s decision to impose a 15% import tax on petrol and diesel, calling it a move that will grow the economy, promote local production, and create jobs for youth. ECCIMA President Sir Odeiga Jideonwo highlighted the negative impact of excessive importation on…
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FUEL CONSUMPTION DROPS TO 1.44 BILLION LITRES IN JUNE, NMDPRA REPORTS
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) reports a 16.4% drop in fuel consumption for June 2025, with total evacuation falling to about 1.44 billion litres. Despite a slight 1.7% rise in diesel supply, overall distribution—including diesel truck-out, household kerosene, and automotive gasoline—declined sharply. Gasoline supply took the biggest hit, dropping nearly 48%…
