Dangote Petroleum Refinery has resumed the sale of Premium Motor Spirit (PMS) in Nigeria using naira pricing, ending a short-lived shift to dollar-denominated fixes.
The company simultaneously raised its ex-depot price by N140 per litre, reflecting ongoing cost pressures within the domestic fuel supply chain.
The move marks a reversal of the refinery’s recent decision to abandon naira-based pricing, which had seen it establish an ex-depot rate of $0.
The move marks a reversal of the refinery’s recent decision to abandon naira-based pricing, which had seen it establish an ex-depot rate of $0.779 per litre.
By returning to local currency settlements, Dangote appears to be aligning with domestic market expectations while passing through increased operational costs to buyers.
This development follows an eight-day operational halt at the facility, during which coastal loading of PMS was suspended.
The refinery had previously introduced a marine price of $1,161.23 per metric tonne before the current adjustment.