₦airaland Forum

By Damilola Aina


The Dangote Petroleum Refinery has announced the suspension of petrol sales in naira, a move that has unsettled marketers and raised fresh concerns about fuel pricing and foreign exchange pressure.

In an email sent to its customers at exactly 6:42 pm on Friday, the refinery disclosed that the decision would take effect from Sunday, September 28, 2025, citing the exhaustion of its crude-for-naira allocation as the reason.

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

The company also asked customers with ongoing naira-based transactions to formally request refunds.

It read in part, “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.”

The announcement comes at a time the refinery is embroiled in a bitter dispute with labour unions over the alleged mass sack of more than 800 Nigerian workers, a development that has triggered outrage and calls for government intervention.

This is not the first time the refinery has suspended local currency transactions. In March 2025, Dangote had briefly halted sales of refined products in naira, insisting that its allocations under the crude-for-naira programme were inadequate to meet growing domestic demand.

The decision then sparked concerns over the dollarisation of fuel sales in Nigeria, escalating prices at the pump to almost N1,000 per litre.

Analysts warn that the latest move could again trigger volatility in the downstream sector, with fears of a potential hike in petrol prices if transactions are shifted predominantly to dollars.

The Chief Executive Officer of Petroleumprice.ng, Jeremiah Olatide, warned that petrol prices could soar above N900 per litre, noting that the Dangote Refinery had been instrumental in keeping pump prices lower in recent months

The suspension also coincides with heightened industrial tension at the refinery. The Petroleum and Natural Gas Senior Staff Association of Nigeria on Friday accused the company of anti-labour practices, following the termination of hundreds of Nigerian workers.

Union leaders have vowed to resist what they described as “an unjust and insensitive corporate decision,” threatening nationwide solidarity actions if the matter is not addressed.

With the refinery seen as critical to Nigeria’s energy security, stakeholders say the dual crises, naira sales suspension, and labour unrest could undermine government efforts to stabilise the fuel market under the current reform agenda.

Islie:
https://punchng.com/breaking-dangote-refinery-suspends-petrol-sales-in-naira/?amp


Nlfpmod

Orlandoo:
After months of deception, Dangote is now ready to show Nigerians his true colors. Shege pro max loading.

FarahAideed:
The govt is behind the problems Dangote is facing , govt cronies lead by their chairman are hell bent on continuing the fuel importation fraud ...

They don't want Dangote to have an idea of the true daily fuel consumption of the country which has been used to milk this country of 100s of billions of dollars

Zionmdde:
Chakam
Let's go there
Before dangote sold the first litre of fuel I said it. I love the Man's business acumen oooo, but his refinery being a sigh of relief for Nigerians, impossible. He is too greedy for that

Moroccoguy:
Na Emefiele course all this. When they are subsidizing dollar for Dangote in the past we talk am say this man can only be loyal to some certain extent.

helinues:
This is not time for blaming games. When would you people even be proffering solutions to things you have always been fuming about?

If this is not checked on time, it will cause dollar scarcity, fuel scarcity as there would be delay in sourcing for dollar, FX reserves likely to depreciate or dollar subsidization returns.

All can still be averted if FG can get involved and resolve the matter. Prevention is better than cure

Kastonkastroll:
Oga stop dabbling into what you don't know. All these Dangote antics are just designed to frustrate other oil marketers. Some of us that are speaking out against it are not doing so because we don't like dangote. But we understand the negative effect it will have on the labour market if thousands of workers wake up one morning and realized they are not with their jobs anymore.

Abi can only Dangote refinery employ thousands of Nigerians working in various farm tanks, depots, filling stations, drivers, middlemen, etc?

helinues:
Majority of Nigerians don't know the major reason why Binance was ejected from Nigeria

The fraud was simple. Place a big order on Binance trying to buy coins, take the invoice to bank to request for dollar and then cancel the order .

Those raked dollars are not even spent in Nigeria, they are laundered to another country for reselling. The FG had no choice than to be subsidizing dollar with Naira. We can't go back to that era.

This Dangote new move is not different from the Binance fraud as there would be more demand on dollar which all might not be genuine for petroleum orders

PenpalOso:
“Take Binance invoice to the bank to get dollars?” Is this what they regurgitate to you people at every months Balablu meeting? God! Una own don finish true true! 🤣

Islie:
https://punchng.com/breaking-dangote-refinery-suspends-petrol-sales-in-naira/?amp

FarahAideed:
The govt is behind the problems Dangote is facing , govt cronies lead by their chairman are hell bent on continuing the fuel importation fraud ...

They don't want Dangote to have an idea of the true daily fuel consumption of the country which has been used to milk this country of 100s of billions of dollars

Zionmdde:
Chakam
Let's go there
Before dangote sold the first litre of fuel I said it. I love the Man's business acumen oooo, but his refinery being a sigh of relief for Nigerians, impossible. He is too greedy for that

OK let's not yell them that due to maintenance, dangote will lose up to 50% productivity, therefore the best way to keep making profit is to hike fuel prices. OK ooo

Orlandoo:
After months of deception, Dangote is now ready to show Nigerians his true colors. Shege pro max loading.