Fuel price hike looms as Dangote Refinery suspends petrol sale in Naira

Nigerians could face a significant increase in petrol prices as the Dangote Petroleum Refinery has announced it will halt the sale of Premium Motor Spirit (PMS) in naira, starting Sunday, September 28, 2025.

The development was communicated through an official notice issued to customers and made available to journalists on Saturday. The refinery cited the depletion of its crude-for-naira allocation as the reason behind the decision.

According to the statement signed by the Group Commercial Operations of Dangote Petroleum Refinery & Petrochemicals: “We write to inform you that 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. 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.”

The suspension is expected to have wide-reaching implications on the local fuel market, with potential price hikes looming as petrol purchases may now shift to dollar-based transactions or import parity pricing.

Further updates from the refinery and government stakeholders are awaited as the situation unfolds.