The Dangote Refinery has announced that it will suspend the sale of petrol in Naira effective Sunday, September 28, 2025, citing the exhaustion of its crude oil allocations priced in the local currency.
In a memo issued to its customers on Saturday, the refinery’s Group Commercial Operations disclosed that it can no longer sustain sales of Premium Motor Spirit (PMS) in Naira under the current arrangement.
“We cannot sustain PMS sales in Naira going forward,” the statement read, underscoring the company’s position that all outstanding transactions involving the local currency must now be refunded.
The refinery advised customers who have ongoing Naira-based transactions to formally request refunds, assuring them that alternative guidelines would be issued once the company resumes sales in the local currency.
While the statement did not specify when Naira-denominated transactions would restart, officials at the refinery pledged to provide updates in due course.
The development is expected to generate concern among stakeholders in the downstream sector, particularly marketers who rely on local-currency sales to manage operations. Analysts also note that the shift could have wider implications for fuel pricing, foreign exchange demand, and the government’s policy on energy security.
The Dangote Refinery, commissioned in May 2023, is the largest single-train refinery in Africa and has been central to Nigeria’s effort to reduce fuel imports. Its move to halt Naira sales comes amid ongoing debates over currency stability, foreign exchange shortages, and the cost of petroleum products in the country.
