Nigeria Scraps Plans for Fuel Import Duty in Blow to Local Refiners ...Middle East

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Nigeria Scraps Plans for Fuel Import Duty in Blow to Local Refiners
source : OILPRICE ( Middle East ) () 68
Nigeria is abandoning plans to impose a 15% duty on imported refined petroleum products, which is a blow to its new private domestic refinery of billionaire Aliko Dangote.  “The implementation of the 15 per cent ad-valorem import duty on imported Premium Motor Spirit and Diesel is no longer in view,” the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) said on Thursday in a statement advising against “panic buying of any petroleum product.”  There is an adequate supply of petroleum products…

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