Dangote Petroleum Refinery has temporarily stopped selling petrol and diesel in Naira, citing a mismatch between its crude oil purchases in US dollars and sales in local currency.
The refinery stated that its Naira-based sales had exceeded the crude oil it received in Naira from the Nigerian National Petroleum Company Limited (NNPCL). It assured that sales in Naira would resume once it receives new supplies under the local currency arrangement.
This decision follows the expiration of NNPCL’s six-month crude supply agreement in March 2025, which allowed Dangote Refinery to buy crude in Naira instead of US dollars. Talks for renewal are ongoing.
With Nigeria still facing fuel supply challenges and petrol prices already quadrupling since the 2023 subsidy removal, this move could further drive up costs.
