Dangote Petroleum Refinery and Petrochemicals FZE has resumed the sale of Premium Motor Spirit (PMS) in Naira nationwide, following the intervention of the Naira for Crude Technical Committee chairman.
Naijaonpoint confirmed the development from a message the refinery sent to its customers on Saturday.
In the message, Dangote Refinery stated: “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 resumption allows customers of the refinery to purchase PMS in Naira, reinstating local currency transactions that were temporarily on hold. Dangote’s Group Commercial Operations added that orders could now be placed immediately.
The development comes as regulatory and industry authorities work to stabilize PMS distribution and promote Naira-based transactions, ensuring smoother operations for suppliers and consumers alike.
In October 2024, the Federal Government announced a Naira-to-Crude initiative, under which local refineries, including the world’s largest single-train Dangote Refinery, would receive crude oil supplies in the local currency.
These past allocations were significantly lower than the Federal Government’s stated plan to sell 450,000 barrels per day in Naira to local refineries, of which Dangote was expected to receive 385,000 bpd (or 12 million barrels per month).
The recent September announcement from Dangote Refinery, confirming the resumption of PMS sales in Naira, is a positive development for customers and the downstream sector, allowing orders to be placed immediately for self-collection or free delivery across Nigeria.