South Africa today lowered its fuel tax for a month to offset a global oil price surge driven by the Iran war, even as pump prices rose in one of the steepest increases on record. The general fuel levy would be reduced by three rand ($0.18) per litre, the finance and petroleum ministers said in […]
•Tinubu and ADC logo The African Democratic Congress (ADC) has strongly opposed President Bola Ahmed Tinubu’s approval of a 15 percent import duty on petrol and diesel because it may further deepen the economic hardship for Nigerians already burdened by the astronomically high cost of living, warning the president not to push the people to [&h...
•Taiwo Oyedele Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr. Taiwo Oyedele, has said the proposed 5% fuel surcharge (tax) will not be implemented until there is a significant improvement in key economic indicators, particularly an appreciation of the naira or a fall in global crude oil prices. Speaking at the [&h...
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