President Tinubu Suspends VAT On Diesel

President Bola Ahmed Tinubu has approved a six-month waiver of the 7.5 per cent Value Added Tax on Automotive Gas Oil, popularly known as diesel.

Mohammed Idris, the Minister of Information and National Orientation disclosed this on Sunday after a meeting between the federal government and the organized labour.

The development comes amid the rising cost of diesel, which jumped from 600/per litre in earlier June to N1000/ per litre