Dangote Refinery has resumed selling petrol in naira after briefly switching to dollar transactions, but marketers will now pay ₦1,215 per litre, a ₦140 increase that could push pump prices even higher across Nigeria.
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Sourcing crude oil in foreign exchange forced the Dangote Petroleum Refinery to briefly demand dollar payments before government discussions steered transactions back to naira.
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Marketers struggled when required to pay in foreign exchange, leading to a temporary market freeze until naira-denominated purchases resumed at ₦1,215 per litre.
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Nigerians face higher costs at filling stations as the ₦140 ex-depot price increase trickles down to retail pumps across major cities.