Confusion erupted online over a supposed 5% fuel surcharge under Nigeria’s new tax laws, sparking fears of a sudden increase in fuel prices. Some social media posts claimed President Bola Tinubu’s administration had introduced an immediate surcharge on petrol and diesel.
The controversy stems from the recent passage of the Nigeria Tax Act, 2025, which consolidates and harmonises previous tax laws.
Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, clarified on Saturday via a post on X that the reports were misleading. He explained that the 5% surcharge on fossil fuels will only take effect when the Minister of Finance issues an official order published in the Official Gazette. There is currently no fixed implementation date.
Oyedele also highlighted that the surcharge is designed both to promote clean energy and generate revenue for transport infrastructure development. It is projected to raise approximately ₦796 billion annually from petrol sales, potentially increasing fuel prices by about ₦45 per litre if implemented at current rates. Exemptions include household kerosene, cooking gas (LPG), compressed natural gas (CNG), and renewable energy products.
The committee urged Nigerians to disregard unverified claims on social media, noting that any updates on the surcharge will be formally announced by the Ministry of Finance.
