Dangote Refinery Suspends Petrol Sales in Naira, Fuel Price Hike Feared

Dangote Refinery has announced the suspension of petrol sales in naira, raising concerns about a possible increase in pump prices for Premium Motor Spirit (PMS). The decision, effective from September 28, 2025, was attributed to the exhaustion of allocations.

Customers with ongoing transactions are advised to request refunds. This marks the first time the refinery has suspended local currency transactions since March 2025.

The move could impact the availability and pricing of petrol in the market, potentially leading to higher costs for consumers. Dangote Petroleum Refinery's decision may have significant implications for the fuel industry in Nigeria.