Oil marketers have praised the Federal Government for suspending the controversial 15% import duty on petrol and diesel, saying that this shows the opinion of Nigerians is being taken into consideration.
The independent oil marketers, who had protested against the 15% import duty on petroleum products, warned that proceeding with the policy would be an indirect regulation in a deregulated environment.
They argued that the importation of these products helps to prevent monopoly by these local refineries and encourages competition.