The Dangote Refinery has announced the resumption of fuel sales in naira, following the intervention of the Naira-for-Crude Technical Committee Chairman. This decision comes after the refinery had earlier suspended petrol sales in naira, effective September 28, 2025, due to the exhaustion of its crude-for-naira allocation.

“We write to inform you that 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.

“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.”

However, in a memo on Saturday, it stated that it had resumed the sales of petrol in naira due to the intervention of the naira-for-crude technical committee.

The memo reads, “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 for both self-collection and free delivery of PMS to the earlier advised locations across the country. Thank you for your continued patronage.” 

Details of the Resumption
– Immediate Effect: The resumption of fuel sales in naira takes effect immediately, allowing customers to place orders for petrol in naira.
– Government Intervention: The intervention of the Federal Government’s committee resolved the differences that led to the suspension.
– Customer Orders: Customers can now proceed to place orders in naira for both self-collection and free delivery of petrol to designated locations across the country.

Background
– Previous Suspension: The Dangote Refinery had announced the suspension of petrol sales in naira due to the exhaustion of its crude-for-naira allocation.
– Potential Price Hike: The suspension had raised concerns about a potential fuel price hike, but the government’s intervention has averted this crisis.

Impact
– Fuel Supply: The resumption of fuel sales in naira ensures a stable petrol supply, which is crucial for Nigeria’s energy security.
– Economic Implications: The development has significant economic implications, as it may impact fuel prices and the overall cost of living in Nigeria.