Business PPPRA Wants Buhari to Introduce Tax on Petroleum Products

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LequteMan

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The Petroleum Products Pricing Regulatory Agency (PPPRA) in a recent report has urged FG to introduce tax on petroleum products.

According to the agency, taxation of petroleum products like fuel, diesel, kerosene and gas holds a huge revenue potential for Nigeria.

This will supplement the revenue FG lost due to fall of crude oil, PPPRA said.

If the report is ratified, the pump price of petrol will increase.

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