BY CHINYERE OBIORA – Less than 24 hours after suspending the sale of premium motor spirit (PMS) in Naira, Dangote Petroleum Refinery has reversed itself on the decision.
The reversal of the earlier decision followed the Federal Government’s intervention through the Chairman of the Naira-for-Crude Technical Committee, Dr. Zacch Adedeji who is also the Executive Chairman of the Federal Inland Revenue Service (FIRS).
In a memo sent to marketers on Saturday, the refinery said, “Following the intervention of the Naira for Crude Technical Committee Chairman, we are pleased to inform you of the resumption of PMS sales in Naira commencing immediately.
“You may kindly proceed to place your orders in naira for both self-collection and free delivery of PMS to the earlier advised locations across the country. Thank you for your continued patronage”.
The reversal comes less than 24 hours after the refinery, in an earlier memo on Friday, announced the suspension of Naira transactions due to the exhaustion of its crude-for-naira allocation.
The initial statement had said, “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.”
Recalled the Naira for crude arrangement was instituted by the Federal Government through the Nigerian National Petroleum Company Limited (NNPCL) to provide crude oil for domestic refineries.
The initiative has been faced with the challenge of inadequate crude oil supply with Dangote refinery explaining that the facility had been selling petroleum products beyond its approved Naira crude allocation and could no longer sustain the arrangement.
