By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Times ReportersTimes Reporters
  • Home
  • News
  • Politics
  • Business
    • Economy
  • Sports
  • Entertainment
  • About Us
  • Bookmarks
Search
  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
© 2024 Times Reporters | All Rights Reserved.
Reading: Nigerians To Pay For Fuel As Dangote Suspends Sales In Naira
Share
Sign In
Notification Show More
Latest News
Sexual Harassment: Two Courts Summon Akpabio, Nwaebonyi Over Senator Natasha
Judiciary Legal/Courts News
President urges AFFOSA members to celebrate Sallah with moderation, unity
Metro News Religion
Obasanjo Leadership Institute (OOLI) to Be Model for Africa – President John Mahama
Metro News
NATCOM-UNESCO, stakeholders push AI in education
Metro News
TVET to address outdated curricula, weak industry linkages, says FG
Metro News
Aa
Times ReportersTimes Reporters
Aa
  • Home
  • News
  • Politics
  • Business
  • Sports
  • Entertainment
  • About Us
Search
  • Home
  • News
  • Politics
  • Business
  • Sports
  • Entertainment
  • About Us
Have an existing account? Sign In
Follow US
  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
© 2024 Times Reporters | All Rights Reserved.
Times Reporters > Business > Oil & Gas > Nigerians To Pay For Fuel As Dangote Suspends Sales In Naira
BusinessMetroNewsOil & Gas

Nigerians To Pay For Fuel As Dangote Suspends Sales In Naira

Publisher
By Publisher Published March 20, 2025
Share
2 Min Read
SHARE

 

By Chidi Ugwu

The price of Premium Motor Spirit (PMS) may likely go up following the temporary suspension of sales of petroleum products in Naira, the Independent Petroleum Marketers Association of Nigeria (IPMAN) has said.

- Advertisement -
Ad image

The Dangote Petroleum Refinery on Wednesday announced it has temporarily halted the sale of petroleum products in Naira.

Reacting to the development, Chief Chinedu Ukadike, the Public Relations Officer of IPMAN, told our Correspondent in Abuja, declared that the new development may result in the upward hike of petroleum products in the near future.

“The price of PMS may likely go up again” he said.

The Dangote Refinery while announcing the policy change said ‘to date, our sales of petroleum products in Naira have exceeded the value of Naira-denominated crude we have received. As a result, we must temporarily adjust our sales currency to align with our crude procurement currency’.

The Dangote Refinery’s statement reads in part:”Dear Valued Customers,
“We wish to inform you that, Dangote Petroleum Refinery has temporarily halted the sale of petroleum products in Naira. This decision is necessary to avoid a mismatch between our sales proceeds and our crude oil purchase obligations, which are currently denominated in U.S. dollars.
“To date, our sales of petroleum products in Naira have exceeded the value of Naira-denominated crude we have received. As a result, we must temporarily adjust our sales currency to align with our crude procurement currency.
“Our attention has also been drawn to reports on the internet claiming that we are stopping loading due to an incident of ticketing fraud. “This is malicious falsehood. Our systems are robust and we have had no fraud issues.
We remain committed to serving the Nigerian market efficiently and sustainably. As soon as we receive an allocation of Naira-denominated crude cargoes from NNPC, we will promptly resume petroleum product sales in Naira.
We appreciate your understanding and cooperation during this period”.

Like this:

Like Loading...

Related

You Might Also Like

Sexual Harassment: Two Courts Summon Akpabio, Nwaebonyi Over Senator Natasha

President urges AFFOSA members to celebrate Sallah with moderation, unity

Obasanjo Leadership Institute (OOLI) to Be Model for Africa – President John Mahama

NATCOM-UNESCO, stakeholders push AI in education

TVET to address outdated curricula, weak industry linkages, says FG

TAGGED: Dangote Refinery, fuel hike

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Publisher March 20, 2025
Share this Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Telegram Email Copy Link Print
Share
Previous Article Mbah’s huge investment in education, health, infrastructure a turning point for Enugu – UNICEF
Next Article NOGOF, Kicks off In Bayelsa May 21st, 22nd -NCDMB
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe
Telegram Follow

– Member of –

- Advertisement -
Ad imageAd image

Latest News

Sexual Harassment: Two Courts Summon Akpabio, Nwaebonyi Over Senator Natasha
Judiciary Legal/Courts News June 4, 2025
President urges AFFOSA members to celebrate Sallah with moderation, unity
Metro News Religion June 4, 2025
Obasanjo Leadership Institute (OOLI) to Be Model for Africa – President John Mahama
Metro News June 4, 2025
NATCOM-UNESCO, stakeholders push AI in education
Metro News June 3, 2025

You Might also Like

JudiciaryLegal/CourtsNews

Sexual Harassment: Two Courts Summon Akpabio, Nwaebonyi Over Senator Natasha

June 4, 2025
MetroNewsReligion

President urges AFFOSA members to celebrate Sallah with moderation, unity

June 4, 2025
MetroNews

Obasanjo Leadership Institute (OOLI) to Be Model for Africa – President John Mahama

June 4, 2025
MetroNews

NATCOM-UNESCO, stakeholders push AI in education

June 3, 2025
Times ReportersTimes Reporters
Follow US

© 2024 Times Reporters | Deigned by AuspiceWeb Graphics. All Rights Reserved.

  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
Join Us!

Subscribe to our newsletter and never miss our latest news!

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?
%d