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Fuel tax: FG has no plan to tax petrol – Oyedele clarifies amid controversy
Nigeria’s Minister of Finance, Taiwo Oyedele, has stated that the Federal Government has no intention of introducing a petrol tax, despite the economic pressures faced by citizens.
Oyedele made the announcement in a post on his X account on Tuesday, responding to recent speculation about a potential 5 percent tax on retail petroleum products circulating under President Bola Ahmed Tinubu’s administration.
“To clarify, a fuel tax is not on the table,” Oyedele wrote, referencing comments he made during an interview with ARISE News.
Currently, many Nigerians are paying between N1,370 and N1,429 per litre for petrol, and the introduction of a fuel tax would likely increase these costs.
