Dangote Refinery resumes sale of petrol in Naira after suspension

By Udeme Akpan

Dangote Refinery has resumed the merchantability of petrol successful Naira aft it earlier suspended it, citing exhaustion of its crude-for-naira allocation arsenic the reason.

The improvement unsettled marketers and raised caller concerns astir substance pricing and overseas speech pressure.

In an email sent to its customers astatine precisely 6:42 p.m. connected Friday, the refinery disclosed that the determination would instrumentality effect from Sunday, September 28, 2025.

But successful an email to marketers precocious Sunday night, the institution said it was resuming the merchantability of substance successful Naira.

The refinery said this was owed to the involution of the naira-for-crude method committee.

“Following the involution of the Naira for Crude Technical Committee Chairman, we are pleased to pass you of the resumption of PMS income successful Naira commencing immediately.

“You whitethorn kindly proceed to spot your orders successful Naira for some self-collection and escaped transportation of PMS to the earlier advised locations crossed the country. Thank you for your continued patronage,” the memo read.

Prior to the development, determination was anxiousness successful the state implicit the apt effect the suspension would person connected the prices of petrol.

The depot prices of petrol had accrued by much than 4.19 per cent.

Specifically, the prices roseate to N870 per litre from N835 per litre.

Checks by Sunday Vanguard astatine immoderate depots showed that Matrix (Calabar), Sigmund, and others had accrued prices to N870 per litre from N835 per litre.

This was adjacent arsenic analysts said depot prices could emergence to N900 per litre this week arsenic the home marketplace continues to respond to changes.

In an interrogation with Sunday Vanguard, the National President of the Oil and Gas Service Providers Association of Nigeria, OGSPAN, Mazi Colman Obasi, said the suspension of Naira income would interaction the home market.

He said: “The suspension of petrol income successful Naira would person adverse effects successful the markets. I perceive that Dangote Refinery said it has not been capable to get crude lipid supplies connected a sustainable basis. This is sad.”

If consultations fail, regulator tin use applicable laws — MEMAN

Similarly, the Chief Executive Officer of the Major Energy Marketers Association of Nigeria, MEMAN, Mr. Clement Isong, said:

“The Dangote Petroleum Refinery is located successful a escaped zone, allowing it to import crude oil, produce, and export petroleum products successful dollars. The refinery tin besides refine and present petroleum products locally successful dollars, with lone gantry income transacted successful Naira. In the past, Dangote coastal income person been predominantly successful USD, but determination person been immoderate transactions successful Naira.

“In cases of disputes, each parties should beryllium escaped to escalate issues for solution done wider consultation. If specified consultations fail, the assemblage regulator should intervene by applying applicable laws.

“I judge this substance volition person the required attraction and volition beryllium resolved earlier it escalates further.”

Depot prices to deed N900 per litre — Analyst

On his part, the Chief Executive Officer of petroleumprice.ng, Olatide Jeremiah, said depot prices would emergence to much than N900 per litre this week arsenic the home marketplace continues to respond to changes.

He said:”From each indications, the depot prices of petrol could emergence to much than N900 per litre this week if the existent origin oregon factors fueling the marketplace concern are not resolved soon.”

Why we suspended petrol income successful Naira — Dangote Refinery

However, the refinery said the suspension of petrol income successful Naira was based connected its quality to root crude locally nether the Federal Government’s crude-for-naira terms.

In an email sent to its customers astatine 6:42 p.m. connected Friday, the refinery disclosed that the determination would instrumentality effect from Sunday, September 28, 2025.

It said:”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 curren...