LunagisthubDangote Refinery Suspends Petrol Sales in Naira: What You Need to Know
The Dangote Petroleum Refinery has announced the suspension of petrol sales in naira, effective September 28, 2025. This decision is attributed to the exhaustion of its crude-for-naira allocation, which previously enabled the refinery to sell refined products in the local currency .
The refinery’s crude-for-naira quota has been depleted, making it unsustainable to continue petrol sales in naira.
The refinery has been selling petroleum products in excess of its naira-crude allocations, leading to this suspension .
Fuel prices may rise due to the shift to dollar transactions, potentially exceeding N900 per month.The suspension may put additional strain on Nigeria’s foreign exchange reserves, leading to increased demand for dollars among importers and distributors .
The refinery briefly halted sales in the local currency, citing inadequate crude-for-naira allocations, which sparked concerns over dollarisation of fuel sales.
The Federal Executive Council has reaffirmed its commitment to the crude-for-naira policy, directing the Nigerian National Petroleum Company Limited to engage local refineries .
The refinery has advised customers with pending naira-based transactions to request refunds. The duration of the suspension and alternative arrangements remain unclear. Marketers and consumers are bracing for uncertainty at the pumps, and potential price shocks could deepen Nigeria’s economic strain .
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