Dangote Refinery resumes petrol sales in naira after federal intervention, reversing its earlier suspension over crude-for-naira allocation limits

In a memo circulated to marketers on Saturday, the refinery confirmed that naira payments for Premium Motor Spirit (PMS) would once again be accepted for both self-collection and free delivery.

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“Following the intervention of the Naira for Crude Technical Committee Chairman, we are pleased to inform you of the resumption of PMS sales in Naira commencing immediately.

You may kindly proceed to place your orders in naira,” the memo stated.

This announcement comes barely a day after the refinery had notified marketers that it would suspend naira sales from Sunday, September 28, 2025, due to the exhaustion of its crude-for-naira allocation.

That earlier decision had raised concern among stakeholders, as it required buyers to transact in foreign currency.

The Friday memo explained: “Dangote Petroleum Refinery & 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.”

Marketers were also offered refunds for pending naira payments, but Saturday’s intervention rendered such requests unnecessary.

Industry observers say the quick reversal underscores the federal government’s resolve to stabilise fuel supply and ensure that domestic transactions remain anchored in local currency, especially at a time of mounting economic pressures.

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With the resumption of naira-based sales, confidence appears to be returning among marketers, many of whom had expressed fears over exchange rate volatility and pricing distortions.