Fuel Price Hike Looms as Dangote Refinery Halts Petrol Sales in Naira

Nigerians may soon face another sharp increase in fuel price as the Dangote Refinery confirmed it will suspend the sale of petrol in naira, PulseNets has learnt.

The development, obtained by PulseNets from a notice circulated to customers and made available to journalists on Saturday, signals fresh pressure on the downstream oil sector.

According to the statement signed by the Group Commercial Operations of Dangote Petroleum Refinery & Petrochemicals, the decision becomes effective from Sunday, September 28, 2025, following the exhaustion of its crude-for-naira allocation.

Part of the notice, sighted by PulseNets, read:

“We wish to notify our esteemed customers that Dangote Petroleum Refinery & Petrochemicals has been supplying petroleum products beyond the limit of our crude-for-naira allocation. As a result, we are unable to continue selling PMS in naira for the time being.”

The refinery further clarified the effective date of suspension, stating:

“Please be informed that the halt in naira sales for PMS takes effect from Sunday, 28th of September, 2025. Updates on the resumption of supply will be communicated once the situation is regularised.”

Customers who had already made transactions in naira were also advised on next steps. The notice added:

“We encourage all customers with ongoing PMS transactions in naira who wish to obtain refunds to formally submit requests for processing.”

Industry experts who spoke to PulseNets noted that the move could trigger immediate market shocks, with pump prices likely to rise as independent marketers adjust to dollar-based purchases.

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This latest development underscores the volatility in Nigeria’s fuel supply chain and raises concerns about inflationary pressures on households and businesses.