Tag: fuel policy
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Tinubu Approves 15% Import Duty on Petrol and Diesel
President Tinubu Announces 15% Import Duty on Petrol and Diesel In a surprising policy shift, President Bola Tinubu has approved a 15 percent ad valorem import duty on premium motor spirit (PMS), commonly known as petrol, and on diesel. The approval, disclosed in a letter dated October 21, 2025, signals a strategic move by the…
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Russia Extends Gasoline Export Ban Through 2025 Nationwide
Overview of the Decision The government of Russia has extended the temporary ban on exporting gasoline through the end of 2025. The policy, which is set to take effect the day after its official publication, expands to cover all exporters and adds new restrictions on the outward shipment of diesel fuel, marine fuel (bunker) and…