Nigerians should be ready to pay more on petrol as Dangote Petroleum Refinery announced the suspension of petrol (PMS) sales in naira starting Sunday, September 28, 2025.
The company stated that its crude-for-naira allocations have been exhausted.
The company memo to customers titled suspension of DPRP PMS Naira sales effective 28th September, 2025 reads:
“We write to inform you that Dangote Petroleum Refinery & Petrochemicals has been selling petroleum products in excess of our Naira-Crude allocations and subsequently, we are unable to sustain PMS sales in Naira going forward
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”, the company stated.
This is not the first occurrence: earlier in March 2025, Dangote had briefly suspended naira sales for similar reasons — mismatch between the volume of petrol sold in naira and crude supplied under the crude-for-naira scheme.
Implications
Dollarisation of fuel sales: If marketers must now purchase in foreign currency (dollars), the naira may come under added pressure.
Higher pump prices: The move could lead to a spike in petrol prices, especially if marketers factor in exchange rate risk and import costs.
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