The costs of petrol and gasoline may face a dramatic spike when the federal government commences the implementation of the 2025 Nigeria Tax Administration Act, Daily Trust can learn.
This is due to the imposition of a five percent surcharge from refined petroleum products in an attempt to stimulate the use of clean energy
The five per cent fee on refined petroleum products is featured in the Nigeria Tax Administration Act, one of four tax reform acts signed into law by President Bola Tinubu on June 26, 2025 with implementation planned for January 2026The policy targets fossil fuel goods provided or produced in NigeriaDaily Trust states that Fossil fuel products include petrol, diesel, kerosene, aviation fuel, and Compressed Natural Gas, among others. They are obtained from the processing of fossil fuels such as coal, petroleum, and natural gas
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