The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has stated that Dangote Refinery has not commenced selling petroleum products in U.S. dollars, contrary to speculation.
Billy Gillis-Harry, PETROAN President, speaking on Arise Television, noted that members are still purchasing fuel in Naira, Nigeria’s local currency. While Dangote Refinery had announced a temporary suspension of petroleum sales in Naira due to the dollar-based cost of crude purchases, PETROAN maintains that no official notification has been received indicating a shift to dollar transactions.
PETROAN has consistently advocated for crude oil sales in Naira, urging the government to engage stakeholders before making any major policy changes. The organization reassured Nigerians that there is no immediate cause for panic buying, as current fuel supplies remain stable.
Source: This Day Live
