Bashir Bayo Ojulari, Group Chief Executive Officer of the NNPCL
Nigerians had always been at the bad receiving end of federal government’s bad policies and especially those that are hurriedly introduced and quashed.
For instance, just as the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has announced that the proposed 15 per cent ad-valorem import duty on imported Premium Motor Spirit (PMS) and diesel will no longer be implemented, many Nigerians had been under serious pressure following the sudden advanced hike of pump price ahead of the beginning of the new fuel tax regime.
The announcement came via a statement released on Thursday using its official X (Twitter) handle. The Director of Public Affairs, George Ene-Ita, stated that the proposed tariff was no longer under consideration.
He wrote, “It should also be noted that the implementation of the 15 per cent ad-valorem import duty on imported Premium Motor Spirit and Diesel is no longer in view.”
This clarifies earlier reports that President Bola Tinubu had approved the introduction of the 15 per cent import duty on petrol and diesel imports into the country.
NMDPRA then assured Nigerians that the supply of petroleum products remains “stable and sufficient to meet national demand during the current peak consumption period.
“There is a robust domestic supply of petroleum products (AGO, PMS, LPG, etc) sourced from both local refineries and importation to ensure timely replenishment of stocks at storage depots and retail stations during this period.”
