{"id":5218,"date":"2025-03-19T16:27:39","date_gmt":"2025-03-19T16:27:39","guid":{"rendered":"https:\/\/panoramanews.com.ng\/?p=5218"},"modified":"2025-03-19T16:29:15","modified_gmt":"2025-03-19T16:29:15","slug":"fuel-scarcity-looms-as-dangote-suspends-naira-sale-of-petrol-to-marketers","status":"publish","type":"post","link":"https:\/\/panoramanews.com.ng\/index.php\/2025\/03\/19\/fuel-scarcity-looms-as-dangote-suspends-naira-sale-of-petrol-to-marketers\/","title":{"rendered":"Fuel scarcity looms as Dangote suspends Naira sale of petrol to marketers\u00a0"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-5219\" src=\"https:\/\/panoramanews.com.ng\/wp-content\/uploads\/2025\/03\/download-1-3-300x168.jpeg\" alt=\"\" width=\"300\" height=\"168\" srcset=\"https:\/\/panoramanews.com.ng\/wp-content\/uploads\/2025\/03\/download-1-3-300x168.jpeg 300w, https:\/\/panoramanews.com.ng\/wp-content\/uploads\/2025\/03\/download-1-3.jpeg 332w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/p>\n<p>Dangote Refinery<\/p>\n<div dir=\"auto\">By Publisher<\/div>\n<div dir=\"auto\">Kindly share:<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">Nigerians may have to pay more for fuel or face another scarcity, following the announcement by the management of the Dangote Petroleum Refinery and Petrochemicals on Wednesday to suspend the sale of petrol and other products to marketers in naira.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">\n<div dir=\"auto\">This means that petroleum marketers will now buy petrol and other products from the company in U.S. dollars.<\/div>\n<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">Dangote Refinery&#8217;s decision was informed by the decision of the Nigerian National Petroleum Corporation to stop selling crude oil to it in Naira.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">\u201cWe wish to inform you that, Dangote Petroleum Refinery has temporarily halted the sale of petroleum products in Naira,&#8221; Dangote Refinery announced.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">\u201cThis decision is necessary to avoid a mismatch between our sales proceeds and our crude oil purchase obligations, which are currently denominated in US dollars.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">\u201cTo date, our sales of petroleum products in Naira have exceeded the value of Naira-denominated crude we have received.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">\u201cAs a result, we must temporarily adjust our sales currency to align with our crude procurement currency.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">\u201cOur attention has also been drawn to reports on the Internet, claiming that we are stopping loading due to an incident of ticketing fraud.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">\u201cThis is a malicious falsehood.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">\u201cOur systems are robust and we have had no fraud issues.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">\u201cWe remain committed to serving the Nigerian market efficiently and sustainably.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">\u201cAs soon as we receive an allocation of Naira-denominated crude cargoes from NNPC, we will promptly resume petroleum product sales in Naira.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">\u201cWe appreciate your understanding and cooperation during this period.\u201d<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Dangote Refinery By Publisher Kindly share: Nigerians may have to pay more for fuel or face another scarcity, following the&hellip;<\/p>\n","protected":false},"author":1,"featured_media":5219,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,2],"tags":[128],"class_list":["post-5218","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-economy","category-news","tag-dangote-refinery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.8 - 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