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Nigeria’s petroleum products marketers and retailers have imported 154.22 million litres of premium motor spirit from March 17 to 23, 2025.
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The importation is seen as a move away from Dangote Refinery, which has suspended its petroleum products sales in Naira.
Nigeria’s petroleum products marketers and retailers have imported a staggering 154.22 million litres of premium motor spirit from March 17 to 23, 2025, according to the Nigerian Port Authority.
This massive importation is seen as a deliberate move away from Dangote Refinery, which has suspended its petroleum products sales in Naira.
The development comes amid a stalemate in the Naira-for-crude sale deal between Dangote Refinery and the Nigerian National Petroleum Company Limited.
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The Petroleum Retailers Outlets Owners Association of Nigeria had earlier hinted that its members would seek alternatives at NNPCL and import petrol.
READ ALSO: Imported Petrol Landing Cost Drops To N797.66/Litre
According to the Nigerian Midstream and Downstream Petroleum Regulatory Authority, the country’s three operational refineries contribute less than 50 percent of the nation’s daily petrol consumption, with the shortfall being filled with imported products.
The landing cost of imported PMS dropped to between N774 and N797 per litre as of March 12, 2025, while the ex-depot price of Dangote Refinery stood at N815 and N825 per litre.
Dangote Refinery Suspends Sale of Petrol in Naira
Dangote Refinery has finally announced the suspension of sale of its Petroleum products in Naira. This comes amid the alleged ban of Crude oil Supply in Naira by the Nigerian National Petroleum Company Limited to Dangote.
In an official statement released on Wednesday, the Dangote refinery made this known to its customers stating that the suspension of Naira to crude oil purchased is temporary till further notice as it galvanize it’s pricing system to be in line with the measure modelled by NNPCL.
