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The Dangote Petroleum Refinery has resumed the sale of petrol to marketers in naira, following the intervention of the Naira for Crude Technical committee chairman.
“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,” Dangote Refinery said in a mail to customers seen by MoneyCentral.
“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.”
The refinery had announced earlier that it was halting supply of gasoline to customers in naira, following its inability to source enough crude oil in the local currency.
Dangote Refinery owned by Africa’s richest man, Aliko Dangote, requested to buy crude oil from the Nigerian government in naira to refine and sell as gasoline locally, as a way to moderate prices and curb cost volatility.
Although the government agreed to the arrangement, its implementation has been hampered by the country’s supply contracts with foreign companies and inadequate domestic production.
The company said in July it sourced 53% of its crude from domestic producers in June and the rest externally. Since it started producing gasoline last year, it has bought crude from Brazil, Angola, Ghana, Equatorial Guinea and the US.
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