Dangote Petroleum Refinery has resumed the sale of petrol in naira and increased the ex-depot price by ₦140 per litre, according to Punch.
Dangote Petroleum Refinery has resumed the sale of premium motor spirit (PMS) in naira, increasing its ex-depot price by ₦140 per litre, a move expected to ripple across Nigeria’s downstream petroleum market.
According to Punch, the refinery announced the resumption of naira-denominated sales after previously suspending the arrangement. The latest pricing adjustment raises the refinery’s ex-depot rate, meaning marketers are likely to pass the increase on to consumers at filling stations nationwide.
The development comes as industry players continue to monitor the Federal Government’s crude-for-naira initiative, which was introduced to improve domestic fuel supply and reduce pressure on foreign exchange demand. The refinery’s earlier suspension of naira sales had sparked concerns among marketers and motorists over fuel availability and pricing.
Punch reported that the refinery’s decision to resume naira transactions is expected to restore confidence in the local supply chain, although the higher ex-depot price could translate into increased pump prices depending on marketers’ distribution costs and margins.
The Dangote Refinery, Africa’s largest single-train refinery, remains a key supplier of refined petroleum products in Nigeria. The latest adjustment marks another significant development in the country’s evolving downstream oil market as stakeholders watch the impact on fuel prices and distribution.
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