to me and the bumps are gone and replaced with dead skin. very painful blisters (fluid is inside the lesion) on the penis and other genital. Jan 11, - You may be alarmed if you notice dry skin on your penis, but in most cases, it isn't a sign of a serious medical condition. Dry skin on the penis is not a common symptom of genital herpes, genital warts, or any other sexually transmitted disease (STD). itching, flaking, or peeling skin. redness of the skin.Causes · Home remedies.