Dangote Halts Naira Sales of Petrol Amid Refinery Struggles
Dangote Petroleum Refinery has suspended the sale of petrol in Naira due to challenges faced by the refinery, causing concerns in Nigeria's downstream oil sector. The decision, effective from September 28, 2025, was attributed to exceeding the allocated volume for domestic petrol sales.
The company cited the unsustainability of accepting the local currency for petrol transactions. This move could potentially impact Nigeria's foreign exchange market and lead to a rise in retail fuel prices.
Industry analysts anticipate increased pressure on the forex market and potential price hikes as petrol transactions shift.
Plus234Feed summary based on reporting from Politics Nigeria. Read the original report below.
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