{"id":77911,"date":"2025-11-02T17:19:18","date_gmt":"2025-11-02T17:19:18","guid":{"rendered":"https:\/\/abujacityjournal.com\/livenews\/?p=77911"},"modified":"2025-11-02T17:19:18","modified_gmt":"2025-11-02T17:19:18","slug":"15-fuel-duty-will-boost-local-refineries-ex-ipman-official","status":"publish","type":"post","link":"https:\/\/abujacityjournal.com\/livenews\/2025\/11\/02\/15-fuel-duty-will-boost-local-refineries-ex-ipman-official\/","title":{"rendered":"15% Fuel Duty Will Boost Local Refineries -Ex-IPMAN Official"},"content":{"rendered":"<p><strong>By Onyeanya Ebere Immaculata<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>Former National Operations Controller of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Mike Osatuyi, has hailed President Bola Tinubu\u2019s approval of a 15% import duty on petrol and diesel, describing it as a strategic step to protect local refineries and attract investors.<\/p>\n<p>Osatuyi told the Newsmen in Lagos that the policy would strengthen domestic refining, discourage excessive importation, and promote fair competition.<\/p>\n<p>He said the measure reflects the government\u2019s commitment to supporting private refineries like Dangote and modular plants, generating jobs, and conserving foreign exchange.<\/p>\n<p>\u201cThe 15% import duty is not just a revenue measure but a protective policy that ensures local refineries remain viable against imported products,\u201d he said.<\/p>\n<p>Osatuyi commended the Dangote Refinery\u2019s capacity to meet national demand and urged regulators to prevent hoarding or price manipulation under the new regime.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Onyeanya Ebere Immaculata &nbsp; Former National Operations Controller of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Mike Osatuyi, has hailed President Bola Tinubu\u2019s approval of a 15% import duty on petrol and diesel, describing it as a strategic step to protect local refineries and attract investors. Osatuyi told the Newsmen in Lagos that [&hellip;]<\/p>\n","protected":false},"author":33,"featured_media":77913,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1756,1720,172],"tags":[],"class_list":["post-77911","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-energy","category-news"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/77911","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=77911"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/77911\/revisions"}],"predecessor-version":[{"id":77914,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/77911\/revisions\/77914"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/77913"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=77911"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=77911"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=77911"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}