The Dangote Petroleum Refinery has announced the resumption of petrol sales in naira, easing fears of an immediate fuel price hike across Nigeria
The move comes just days after the refinery suspended local currency transactions, citing exhaustion of its crude-for-naira allocation. That decision had sparked widespread concerns that pump prices could rise above ₦900 per litre if sales shifted exclusively to dollar transactions.
In a new circular to its customers on Saturday, September 28, 2025, the refinery confirmed that naira-based sales would resume following fresh crude allocations.
The notice, signed by the Group Commercial Operations of Dangote Petroleum Refinery & Petrochemicals, stated:
“We are pleased to inform our customers that petrol sales in naira will resume with immediate effect. This decision follows the allocation of additional crude resources, which enables us to sustain local currency transactions once again.”
The refinery’s latest action has paused fears of an immediate fuel price surge, though industry experts caution that the sustainability of naira sales will depend on consistent crude supply and policy clarity from the federal government.
This development comes amid ongoing disputes with labour unions over alleged mass layoffs of Nigerian workers. While the refinery maintains that its workforce reorganisation is necessary for safety and efficiency, labour leaders have threatened nationwide protests if the matter is not resolved.
For now, the resumption of naira sales is expected to provide short-term relief to motorists and businesses already grappling with inflation and high living costs.
About the Author
