The Dangote Refinery has announced that it will resume sales of Premium Motor Spirit (PMS) in naira after intervention by the Federal Government. The decision was communicated to customers via email, noting that the Naira for Crude Technical Committee Chairman intervened in the matter. The refinery now invites orders for PMS in naira, offering both self‑collection and free delivery to locations across the country. The email, signed by the Group Commercial Operations for Dangote Petroleum Refinery and Petrochemicals FZE, thanked customers for their continued patronage.
This move averts a potential nationwide fuel price hike that had been feared after the Independent Petroleum Marketers Association of Nigeria announced plans to raise fuel prices on Saturday. The 650,000‑barrel‑per‑day refinery had previously suspended petrol sales in naira, sparking speculation about higher prices. Resuming PMS sales in the local currency is expected to bring relief to consumers and businesses that depend on the fuel for their operations.
The decision is seen as a positive development for stabilizing fuel prices and maintaining economic activity. The Nigerian government’s intervention underscores its commitment to ensuring affordable fuel for citizens, while the involvement of the Naira for Crude Technical Committee Chairman demonstrates a willingness to engage with stakeholders to resolve energy sector challenges. As the economy continues to navigate issues related to fuel pricing and availability, the refinery’s action is welcomed and is likely to have a beneficial impact on the broader economy. Consumers will be watching closely to see how the situation unfolds in the coming days.
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