BREAKING: Dangote Refinery Suspends Petrol Sales in Naira Amid Crude‑For‑Naira Deal Stall

Sele Media Africa Reported by Mafeng Gyang Adams

BREAKING: Dangote Refinery Suspends Petrol Sales in Naira Amid Crude‑For‑Naira Deal Stall

Lagos, Nigeria — September 2025 Dangote Petroleum Refinery has announced a temporary suspension of petrol sales in naira, a move that has rattled marketers and raised fresh concerns over fuel pricing and foreign exchange pressures. The refinery says the decision stems from the collapse of its crude‑for‑naira arrangement with the Nigerian National Petroleum Company (NNPC).

Why the Suspension?

– Mismatch in currencies: Dangote states that its sales of petroleum products in naira have already exceeded the value of crude oil it has received priced in naira. Since its crude obligations are denominated in U.S. dollars, the mismatch is financially unsustainable.

– Failed renewal of agreement: The crude‑for‑naira deal with NNPC was not renewed, prompting the refinery to realign pricing policy in line with its dollar obligations.

– Temporary nature: The refinery insists the suspension is not permanent and that sales in naira will resume once it receives adequate naira‑denominated crude from NNPC. Beyond the currency suspension, Dangote has also halted self‑collection gantry sales (where marketers pick up fuel directly at the refinery). From September 18, 2025, such sales have been placed on hold until further notice. The refinery explained that payments related to existing Product Fulfillment Instructions (PFIs) under self-collection must also be paused, as any payments beyond the halt date will not be honoured. Industry stakeholders warn that fuel prices could surge as marketers adjust to sourcing in foreign currency. Youth groups from Northern Nigeria (Arewa Youth Assembly) state the move undermines confidence in the naira and threatens macroeconomic stability. The decision has triggered friction between Dangote, marketers, and oil unions over distribution protocols and pricing schemes. Dangote’s suspension of petrol sales in naira underscores the deep pressures the refinery faces with currency mismatches and supply constraints. The move could have far‑reaching consequences for fuel prices, market dynamics, and confidence in the local currency.

Citations:

Vanguard News: www.vanguardngr.com/2025/03/dangote-refinery-suspends-sale-of-petrol-in-naira-as-crude-deal-with-nnpc-stalls/?utm_source

THISDAYLIVE: www.thisdaylive.com/2025/03/20/dangote-refinery-halts-petrol-sale-in-naira-cites-mismatch-with-dollar-denominated-crude-purchase/?utm_source

Vanguard News: www.vanguardngr.com/2025/03/dangote-suspends-sale-of-petrol-over-crude-for-naira-deal-with-nnpc/?utm_source

Daily Post: dailypost.ng/2025/09/19/dangote-refinery-suspends-petrol-sales-at-gantry-price/?utm_source

Vanguard News: www.vanguardngr.com/2025/03/marketers-predict-petrol-price-hike-as-dangote-refinery-halts-sales-in-naira/?utm_source

Vanguard News: www.vanguardngr.com/2025/03/dangotes-naira-sales-suspension-impacts-economic-stability-arewa-youths/?utm_source

About The Author

Mafeng Gyang Adams

author

Mafeng Gyang Adams is a dedicated journalist and editorial strategist, serving as the News Editor at Sele Media Africa. With a sharp eye for headlines that matter and a passion for truth-driven storytelling, Mafeng leads the newsroom with clarity and purpose. He ensures that every report meets the highest editorial standards, delivering accurate, timely, and impactful news to audiences across Africa and beyond.

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