The Nigerian government has announced the suspension of the planned 15% petrol import duty, following concerns over its potential impact on fuel prices and the economy. The decision comes after widespread criticism from stakeholders in the oil and energy sectors, as well as from the general public, who feared the levy would lead to higher costs of petrol across the country.

According to officials, the suspension is temporary and will allow the government to review the policy, engage with relevant stakeholders, and ensure that any future implementation does not negatively affect consumers or disrupt the fuel supply chain. The move is expected to provide relief to motorists and transport operators, who had expressed concerns over rising operational costs.

Economic analysts have welcomed the decision, noting that it helps stabilize fuel prices and prevents sudden inflationary pressures in the economy. They also emphasized the need for the government to explore alternative revenue sources that do not burden ordinary Nigerians.

The suspension demonstrates the government’s responsiveness to public concerns and commitment to balancing fiscal measures with citizens’ welfare.