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    Home»News»Fuel Crisis Looms as Dangote Refinery Suspends Naira Transactions
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    Fuel Crisis Looms as Dangote Refinery Suspends Naira Transactions

    Drum Africa CorrespondentBy Drum Africa CorrespondentSeptember 27, 20250342 Mins Read
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    The Dangote Petroleum Refinery has again suspended the sale of petrol in naira, a move that has unsettled fuel marketers and heightened concerns of another spike in pump prices.

    In an email sent to customers on Friday evening, the refinery announced that the suspension would take effect from Sunday, September 28, 2025, blaming it on the depletion of its crude-for-naira allocation.

    The statement, titled “Suspension of DPRP PMS Naira Sales – Effective 28th September 2025”, advised customers with pending naira transactions to request refunds.

    “We have been selling petroleum products in excess of our Naira-Crude allocations and, consequently, we are unable to sustain PMS sales in Naira going forward,” the company explained.

    Fuel marketers fear that the suspension could pile fresh pressure on pump prices and the already volatile foreign exchange market. Nigerians are still grappling with high living costs following subsidy removal, with petrol prices swinging between ₦850 and ₦1,000 per litre in recent months.

    This is not the first time the refinery has pulled back on naira transactions. In March 2025, a similar suspension led to fears of dollarisation in the fuel market, and petrol briefly sold for nearly ₦1,000 per litre nationwide.

    Industry experts warn that unless a sustainable crude-for-naira allocation system is put in place, more disruptions in petrol sales could worsen inflation and fuel scarcity.

    Dangote Refinery FOREX PRESSURE FUEL MARKETERS NAIRA TRANSACTIONS PETROL PRICE NIGERIA
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