There were rising concerns of a possible hike in the pump price of Premium Motor Spirit (PMS), popularly known as petrol, after Dangote Refinery reportedly suspended sales of petrol to marketers in naira.
The refinery informed marketers on Friday that the directive would begin on Sunday, September 28, 2025, citing the depletion of its crude-for-naira allocation as the reason.
The notice, allegedly signed by the Group Commercial Operations of Dangote Petroleum Refinery & Petrochemicals, carried the title “Suspension of DPRP PMS Naira Sales – Effective 28th September 2025”.
The company also directed customers with ongoing naira-based transactions to formally apply for refunds.
It partly read, “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.
“All customers with PMS transactions in Naira who would like a refund of their current payments should formally request the processing of their refund.”
This is not the first time the refinery has halted local currency sales. In March 2025, Dangote temporarily suspended naira-based refined product sales, arguing that its allocations under the crude-for-naira programme were insufficient to meet domestic demand.
That move stirred fears over the dollarisation of fuel transactions in Nigeria, pushing pump prices close to N1,000 per litre.
However, major marketers have dismissed fears of imminent disruption or a surge in prices.
The Executive Secretary of the Major Energies Marketers Association of Nigeria (MEMAN), Mr. Clement Isong, told LEADERSHIP in a phone interview that it was not feasible to sell petrol in dollars in the country.
Speaking with our correspondent, Isong said the issue would be addressed.
He added, “I dont think it calls for panic and I can assure you that this will be resolved.”
