September 27, 2025-Published by Cyril

Nigerians may face another round of fuel price hikes after the Dangote Petroleum Refinery suspended the sale of petrol in naira, a move that has unsettled marketers and raised concerns over pump prices nationwide.

The Independent Petroleum Marketers Association of Nigeria (IPMAN) confirmed on Saturday that its members have received official communication from the refinery, which announced the suspension would take effect from Sunday, September 28, 2025.

According to IPMAN officials, the decision means fuel pump prices could rise from the current ₦865–₦910 per litre in Lagos and Abuja starting Monday, September 29, unless the Federal Government intervenes.

• “Yes, we received the email from Dangote Refinery on Friday evening. The implication is that our members will announce a fuel price increase if the government does not step in,” an IPMAN source told NaijaBlogDaily.

Dangote Explains Move

In an email sent to customers at 6:42 pm on Friday, the refinery cited the exhaustion of its crude-for-naira allocation as the reason for halting petrol sales in local currency.

The statement, titled “Suspension of DPRP PMS Naira Sales – Effective 28th September 2025”, noted that all customers with pending naira transactions could request refunds.

Part of the statement reads:

• “Dangote Petroleum Refinery & Petrochemicals has been selling petroleum products in excess of our Naira-Crude allocations and, consequently, we are unable to sustain PMS sales in Naira going forward. Kindly note that this suspension of Naira sales for PMS will be effective from Sunday, 28th of September, 2025.”

Rising Concerns Over Dollarisation

This is not the first time Dangote Refinery has suspended naira sales. In March 2025, it briefly halted local currency transactions, also citing insufficient crude-for-naira allocations. That earlier suspension triggered concerns about the dollarisation of petrol sales and sent prices close to ₦1,000 per litre.

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The refinery’s latest move comes at a time it is also locked in a bitter industrial dispute with the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) over the sack of about 800 workers, raising fresh questions about the stability of operations at the $20 billion facility.

Outlook

With IPMAN already hinting at new pump price adjustments and Dangote Refinery shifting away from naira transactions, Nigerians could face tougher days at the filling stations. Stakeholders are now urging the Federal Government to intervene quickly to stabilise supply and protect households from further hardship.

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