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Tuesday, September 22, 2026

Fuel tax cut mulled amid energy crisis

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If the fuel excise tax is cut, it would target fuels blended with ethanol derived from sugarcane or cassava, such as E20, as well as biodiesel containing palm oil, says Mr Ekniti.
If the fuel excise tax is cut, it would target fuels blended with ethanol derived from sugarcane or cassava, such as E20, as well as biodiesel containing palm oil, says Mr Ekniti.

The government is considering a reduction in the excise tax on fuel to ease the cost-of-living burden on the public caused by the energy crisis.

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