Less than 24 hours after suspending the sale, Dangote Petroleum Refinery has announced the resumption of Premium Motor Spirit (PMS), commonly known as petrol, sales in Naira, calming nerves on fears of fuel price hike and queues in Nigeria’s petrol stations.
The reversal of the earlier decision followed the intervention of the Chairman of the Naira for Crude Transaction Committee, Dr. Zacch Adedeji who is the Executive Chairman of the Federal Inland Revenue Service (FIRS).
The naira for crude arrangement was instituted by the federal government through the Nigerian National Petroleum Company Limited (NNPCL) to provide crude oil for domestic refineries.
The initiative has been faced with the challenge of inadequate crude oil supply.
On Friday, Dangote refinery in a notice to customers said it would halt sale of products in naira with effect from Sunday, September 28, 2025.
It explained that the facility had been selling petroleum products beyond its approved naira crude allocation and could no longer sustain the arrangement.
However less than 24 hours after the refinery issued a counter notice to its customers, saying the products’ sale in naira would continue.
The notice to the customer read: “Following the intervention of the Naira for Crude Transaction Committee Chairman, we are pleased to inform you of the resumption of PMS Sales in Naira commencing Immediately.
“You may kindly proceed to place your orders in Naira for both self collection and free delivery of PMS to the earlier advised locations across the country.
Thank you for your continued patronage.”
