Independent. Uncensored. | Investigative Reports.

AFRICA, FEATURED STORIES, Finance, news, TRENDING

Fuel Scarcity: NNPC confirms adulterated fuel in circulation

[Breaking News] Federal Government to Hold Crucial Meeting with NLC Regarding Fuel Subsidy

Posted: February 9, 2022 at 1:00 am   /   by   /   comments (0)

The Nigerian Midstream and Downstream Petroleum Regulatory Authority have confirmed that adulterated petrol, fuel with methanol quantities above Nigeria’s specification, have been in circulation in Nigeria.

In a statement, it said the supplier had been identified and appropriate sanction would apply.

It also said oil marketers had been directed to ensure a sufficient supply of quality petrol in all outlets in the country.

Queues had surfaced at filling stations in parts of the country on Monday stretching into Tuesday in what appeared as growing scarcity for Premium Motor Spirit, a commodity that has achieved an indispensable status in the Nigerian economy, no thanks to epileptic power supply, the rising cost of gas, and dependent by vehicle owners.

Read Also: Don’t celebrate valentine’s day, It’s satanic – Mummy G.O

In its statement, The regulatory authority said, “Limited quantity of Premium Motor Spirit, commonly known as Petrol, with methanol quantities above Nigeria’s specification was discovered in the supply chain.

“Methanol is a regular additive in Petrol and usually blended in an acceptable quantity.

“To ensure vehicular and equipment safety, the limited quantity of the impacted product has been isolated and withdrawn from the market, including the loaded trucks in transit.

“Our technical team in conjunction with NNPC Ltd and other industry stakeholders will continue to monitor and ensure quality petroleum products are adequately supplied and distributed nationwide.

“The source supplier has been identified and further commercial and appropriate actions shall be taken by the Authority and NNPC Ltd.

“NNPC Ltd and all Oil Marketing Companies have been directed to sustain sufficient distribution of Petrol in all retail outlets nationwide.

“Meanwhile, NNPC has intensified efforts at increasing the supply of Petrol into the market in order to bridge any unforeseen supply gap.”

Newsletter subscribe
giweather WordPress widget