Breaking: Dangote refinery halts naira-based petrol sales

The Dangote Petroleum Refinery has suspended the merchantability of petrol successful naira, a determination that has unsettled marketers and rekindled fears of renewed unit connected substance pricing and overseas exchange.

In a announcement to customers sent via email astatine 6:42 p.m. connected Friday, the refinery announced that the suspension would instrumentality effect from Sunday, September 28, 2025, blaming the determination connected the depletion of its crude-for-naira allocation.

The statement, signed by the Group Commercial Operations of Dangote Petroleum Refinery & Petrochemicals, was titled “Suspension of DPRP PMS Naira Sales – Effective 28th September 2025”. Customers with pending naira-based transactions were advised to question refunds.

It work successful part: “We constitute to pass you that Dangote Petroleum Refinery & Petrochemicals has been selling petroleum products successful excess of our Naira-Crude allocations and, consequently, we are incapable to prolong PMS income successful Naira going forward.

“Kindly enactment that this suspension of Naira income for PMS volition beryllium effectual from Sunday, 28th of September, 2025. We volition supply further updates regarding the resumption of proviso erstwhile the concern has been resolved.

“All customers with PMS transactions successful Naira who would similar a refund of their existent payments should formally petition the processing of their refund.”

The announcement comes amid escalating disputes astatine the refinery, wherever labour unions person accused absorption of sacking much than 800 Nigerian workers. The Petroleum and Natural Gas Senior Staff Association of Nigeria connected Friday condemned the alleged move, describing it arsenic “an unjust and insensitive firm decision,” and warned of nationwide solidarity actions if the contented is not resolved.

The refinery’s absorption has since dismissed claims of wide sacking, stating that lone a fewer persons were relieved of their duties owed to sabotage.

This is not the archetypal clip the refinery has suspended naira transactions. In March 2025, it concisely halted income of refined products successful section currency, citing inadequate crude-for-naira allocations. That determination sparked concerns implicit the dollarisation of substance income and drove petrol pump prices to astir ₦1,000 per litre.

The station Breaking: Dangote refinery halts naira-based petrol sales appeared archetypal connected Vanguard News.