The Dangote Petroleum Refinery has suspended the sale of Premium Motor Spirit (PMS) in naira, a development that has unsettled marketers and raised fresh concerns about possible pressure on pump prices and the foreign exchange market.
In a notice sent to customers at 6:42 p.m. on Friday, the refinery said the suspension will take effect from Sunday, September 28, 2025. It explained that the decision followed the exhaustion of its crude-for-naira allocation.
The statement, issued by the Group Commercial Operations of Dangote Petroleum Refinery & Petrochemicals and titled “Suspension of DPRP PMS Naira Sales – Effective 28th September 2025,” urged customers with pending naira-based transactions to apply for refunds.
“We have been selling petroleum products in excess of our naira-crude allocations and, consequently, we are unable to sustain PMS sales in naira going forward,” the statement read.
“Kindly note that this suspension of naira sales for PMS will be effective from Sunday, 28th of September, 2025. We will provide further updates regarding the resumption of supply once the situation has been resolved.
“All customers with PMS transactions in naira who would like a refund of their current payments should formally request the processing of their refund.”
This marks the second time the refinery is halting naira transactions. In March 2025, it briefly suspended sales of refined products in the local currency, also citing inadequate crude-for-naira allocations. That earlier decision had triggered fears of dollarisation in fuel sales and drove petrol pump prices to nearly ₦1,000 per litre.
