AfriPulse
Dangote Petroleum Refinery has resumed the sale of petrol in
naira, a day after suspending the initiative.
In an email to clients on Saturday, Dangote refinery said
the resumption was as a result of the federal government’s intervention.
“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,” the email reads.
“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.”
On Friday, the refinery suspended the sale of petrol in
naira, citing the depletion of its crude-for-naira allocation.
Nigeria commenced the sale of crude oil and refined
petroleum products in naira to local refineries on October 1, 2024, to improve
supply, save the country millions of dollars in petroleum products imports, and
ultimately reduce pump prices.
On March 10, 2025, the Nigerian National Petroleum Company (NNPC)
Limited halted the naira-for-crude deal until 2030, as the government-owned
company had forward-sold all its crude oil.
Days later, Dangote refinery said it had temporarily halted
the sale of petroleum products in naira.
However, on April 9, the federal government said the
naira-for-crude oil deal will continue after the first phase, which ended on
March 31.
On May 9, Wale Edun, the minister of finance and
coordinating minister of the economy, promised to provide further updates on
the naira-for-crude deal in due course.
Click to signup for FREE news updates, latest information and hottest gists everyday
Advertise on NigerianEye.com to reach thousands of our daily users
Source: NigerianEye | Read the Full Story…
