Tinubu okays 15% import duty on petrol, diesel, raising fears of price hike President Bola Tinubu has approved the introduction of a 15 per cent ad-valorem import duty on Premium Motor Spirit (PMS), popularly known as petrol, and Automotive Gas Oil (AGO), commonly referred to as diesel. The directive, contained in a letter dated October 21, 2025, and signed by Damilotun Aderemi, the President’s Private Secretary, was addressed to the Federal Inland Revenue Service (FIRS) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). According to the letter, the approval followed...