Dangote Refinery Restores Petrol Sales In Naira After Government Step In

Dangote Petroleum Refinery has resumed the sale of petrol in naira, a day after suspending the initiative due to a halt in its crude-for-naira allocation.

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The company confirmed the development in an email to clients on Saturday, explaining that the resumption followed intervention by the federal government through the Naira for Crude Technical Committee. Customers were asked to proceed with orders in naira, either for self-collection or delivery to designated locations nationwide.

LIST OF APPLICATIONS FOR REGULARISATION OF AREA COUNCIL LAND DOCUMENTS NULLIFIED/CANCELLED BY THE HONOURABLE MINISTER OF FCT

The refinery had earlier suspended the naira sales on Friday, citing a depletion of crude allocated under the scheme. The programme, introduced on October 1, 2024, was designed to supply local refineries with crude in exchange for naira. The policy aimed to cut fuel import costs, strengthen local supply, and help reduce pump prices.

LIST OF APPLICATIONS FOR REGULARISATION OF AREA COUNCIL LAND DOCUMENTS NULLIFIED/CANCELLED BY THE HONOURABLE MINISTER OF FCT

In March 2025, the Nigerian National Petroleum Company (NNPC) Limited suspended its participation in the arrangement until 2030 after forward-selling its crude production. This raised concerns about the continuity of the policy, which forced Dangote Refinery to temporarily halt sales in naira.

The federal government later announced in April that the deal would continue beyond the first phase, which ended on March 31. Finance Minister Wale Edun also assured in May that further details would be provided.

With the latest intervention, Dangote Refinery has now restored the initiative, offering relief to marketers and raising hopes for improved stability in fuel supply across the country.