Fuel Price hike Looms as Dangote Refinery Halts Petrol Sales in Naira

Abiola Olawale
Writer

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By Abiola Olawale

Dangote Petroleum Refinery has announced its decision to suspend sales of premium motor spirit (PMS), commonly known as petrol, in local currency starting from Sunday, September 28, 2025.

The New Diplomat reports that the decision by the refinery owned by Africa’s richest person, Alhaji Aliko Dangote has sparked fears about a potential petrol price hike.

Dangote Petroleum Refinery announced the suspension of petrol sales in naira, in an email sent to its customers.

The refinery cited the exhaustion of its crude-for-naira allocation as the reason for its decision.

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”.

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 New Diplomat reports that the announcement comes at a time the refinery is embroiled in a dispute with labour unions over the alleged mass sack of more than 800 Nigerian workers.

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