Petrol Pump Price May Rise As Dangote Suspends Product Sale In Naira

There were palpable fears of imaginable summation successful the pump terms of Premium Motor Spirit (PMS), commonly known arsenic petrol, pursuing reported suspension of petrol merchantability to marketers successful naira by Dangote Refinery.

The refinery had informed marketers connected Friday that the determination would instrumentality effect from Sunday, September 28, 2025, citing the exhaustion of its crude-for-naira allocation arsenic the reason.

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

The institution besides asked customers with ongoing naira-based transactions to formally petition 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.”

This is not the archetypal clip the refinery has suspended section currency transactions. In March 2025, Dangote concisely halted income of refined products successful naira, insisting that its allocations nether the crude-for-naira programme were inadequate to conscionable increasing home demand.

The determination past sparked concerns implicit the dollarisation of substance income successful Nigeria, escalating prices astatine the pump to astir N1,000 per litre.

However, large marketers person allayed fears of imaginable marketplace disruption and pump terms hike.

The Executive Secretary of the Major Energies Marketers Association of Nigeria (MEMAN), Mr. Clement Isong, told LEADERSHIP connected the telephone that it was not imaginable to merchantability petrol successful dollar successful the country.

Speaking with our analogous connected the phone, Isong said the contented volition beryllium resolved.

He said, “I dont deliberation it calls for panic and I tin guarantee you that this will be resolved.”