Dangote refinery suspends petrol sales in naira
The Dangote Petroleum Refinery has disclosed suspension of petrol sales in naira, a move that has unsettled marketers and raised fresh concerns about fuel pricing and foreign exchange pressure.
Penpushing reports that this announcement was contained in an email sent to its customers at exactly 6:42 pm on Friday, emphasising that the decision would take effect from Sunday, September 28, 2025, citing the exhaustion of its crude-for-naira allocation as the reason.
The company in the notice, signed by the Group Commercial Operations of Dangote Petroleum Refinery and Petrochemicals, was titled “Suspension of DPRP PMS Naira Sales – Effective 28th September 2025”.
Penpushing further reports that the management in same vein, asked customers with ongoing naira-based transactions to formally request refunds, stressing that consequently, it is unable to sustain PMS sales in Naira going forward.
“We write to inform you that Dangote Petroleum Refinery and Petrochemicals has been selling petroleum products in excess of our Naira-Crude allocations and, consequently, we are unable to sustain PMS sales in Naira going forward’, the statement reads.
“Kindly note that this suspension of Naira sales for PMS will be effective from Sunday, 28th of September, 2025. We will provide further updates regarding the resumption of supply once the situation has been resolved’, it added.
“All customers with PMS transactions in Naira who would like a refund of their current payments should formally request the processing of their refund’, the management wrote
Penpushing also reports that the announcement comes at a time the refinery is embroiled in a bitter dispute with labour unions over the alleged mass sack of more than 800 Nigerian workers, a development that has triggered outrage and calls for government intervention.
The record showed that this is not the first time the refinery has suspended local currency transactions, it is recalled that in March 2025, Dangote had briefly halted sales of refined products in naira, insisting that its allocations under the crude-for-naira programme were inadequate to meet growing domestic demand.
Meanwhile, it is also recalled the decision then sparked concerns over the dollarisation of fuel sales in Nigeria, escalating prices at the pump to almost N1,000 per litre, while analysts warned that the latest move could again trigger volatility in the downstream sector, with fears of a potential hike in petrol prices if transactions are shifted predominantly to dollars.
FOOTNOTE: You want to share story with us? You want to advertise with us? You need publicity for product, or service, or event? Contact us on WhatsApp +2348073463653 or email [email protected]
