Tuesday, October 21, 2025
new onewave tv logo
HomeBusinessDangote Refinery Suspends Naira-Based Petrol Sales Amid Forex Strain

Dangote Refinery Suspends Naira-Based Petrol Sales Amid Forex Strain

The Dangote Petroleum Refinery has halted the sale of petrol in naira, a move that has unsettled fuel marketers and reignited concerns over pricing and foreign exchange pressures in Nigeria’s downstream sector.

In a notice to customers on Friday, the refinery disclosed that the suspension would take effect from Sunday, September 28, 2025, citing the exhaustion of its crude-for-naira allocation.

The circular, issued by the Group Commercial Operations of Dangote Petroleum Refinery & Petrochemicals, was titled “Suspension of DPRP PMS Naira Sales, Effective 28th September 2025.”

“We have 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 read.

The company added that customers with ongoing naira-based transactions should submit formal requests for refunds while updates on the resumption of naira sales would be communicated in due course.

This development comes at a time when volatility in the forex market continues to place pressure on fuel pricing and supply across the country.

 

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments