{"id":39615,"date":"2026-07-14T18:02:03","date_gmt":"2026-07-14T16:02:03","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=39615"},"modified":"2026-07-14T18:02:03","modified_gmt":"2026-07-14T16:02:03","slug":"nigerias-dangote-begins-pricing-local-fuel-sales-in-dollars-citing-crude-supply-constraints","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/nigerias-dangote-begins-pricing-local-fuel-sales-in-dollars-citing-crude-supply-constraints\/","title":{"rendered":"Nigeria&#8217;s Dangote begins pricing local fuel sales in Dollars, citing crude supply constraints \u00a0"},"content":{"rendered":"<p>Dangote Petroleum Refinery has transitioned to a Dollar-denominated pricing system for its local fuel sales, effectively ending the previous Naira-based transaction framework for domestic marketers, <em>Reuters<\/em> reports.<\/p>\n<p>&nbsp;<\/p>\n<p>The policy shift invalidates all previously issued naira-denominated Proforma Invoices and Deal Recaps for both gantry and coastal transactions. According to an internal notice issued by the refinery\u2019s Group Commercial Operations, the new template benchmarks the ex-depot price of petrol at $0.779 per litre for gantry loading, while coastal deliveries are set at $1 044.62 per metric ton. Diesel has been pegged at $1.087 per litre and aviation fuel at $0.942 per litre, though the refinery clarified that Liquefied Petroleum Gas transactions will remain unaffected by the change.<\/p>\n<p>&nbsp;<\/p>\n<p>Industry sources cited by <em>Reuters<\/em> state that the transition was triggered by a widening currency mismatch and ongoing crude supply constraints. The refinery has reportedly been receiving fewer Naira-denominated crude oil cargoes from the state-owned Nigerian National Petroleum Company Limited compared to dollar-denominated allocations. Because the facility must source a substantial portion of its crude oil feedstock using foreign currency, the company migrated its product sales to United States Dollars to hedge against exchange-rate volatility and international supply imbalances, moving away from the &#8220;naira-for-crude&#8221; mechanism introduced in October 2024.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&#8211;Reuters\/ChannelAfrica&#8211;<\/p>\n","protected":false},"featured_media":29027,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-39615","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"Dangote Refinery moves domestic fuel sales to US Dollars as Naira crude supply slows","published_date":"2026-07-14 18:01:40","news_description":"Dangote Refinery moves domestic fuel sales to US Dollars as Naira crude supply slows","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/39615","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/39615\/revisions"}],"predecessor-version":[{"id":39616,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/39615\/revisions\/39616"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/29027"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=39615"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=39615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}