Business

FG Confirms Supply Of Adulterated Fuel

Nigerian Midstream and Downstream Petroleum Regulatory Authority on Tuesday confirmed that adulterated petrol is in circulation across the country.

 

The regulatory authority in a statement released noted that the supplier of the adulterated petrol has been identified and appropriate sanction would apply.

 

According to the authority, oil marketers have been directed to ensure a sufficient supply of petrol in all outlets in the country.

Truetells Nigeria earlier reported on queues at filling stations due to scarcity of Premium Motor Spirit.

 

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“To ensure vehicular and equipment safety, the limited quantity of the impacted product has been isolated and withdrawn from the market, including the loaded trucks in transit.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

 

 

TruetellsNigeria

Recent Posts

BO Foundation (BOFIM) Supports Girls with Disabilities with Sanitary Pads

  BO Foundation for Inclusive Media (BOFIM), the Non-governmental Organisation (NGO) arm of BONews Service…

42 mins ago

Polaris Bank Champions Financial Literacy for Students in Commemoration of World Savings Day 2024

Polaris Bank concluded its nationwide financial literacy initiative with an impactful session at the MD/CEO’s…

4 hours ago

Polaris Bank Clinches “Best Mobile App” Award at Digital Jurist Awards 2024

Polaris Bank's commitment to digital innovation and excellence has once again been recognized, as the…

4 hours ago

Primetime Reporters Celebrates 10th Anniversary In Lagos December 4

  …Set to honour some deserving Nigerians Nigeria's leading online news platform, Primetime Reporters, will…

4 hours ago

FirstBank Hosts Inaugural China-Africa Interbank Association Forum

FirstBank, the premier West African financial institution and financial inclusion service provider has announced its…

7 hours ago

ZENITH BANK HOLDS FOURTH EDITION OF ANNUAL TECH FAIR IN LAGOS

The Fourth Edition of the Zenith Bank Tech Fair, tagged “Future Forward 4.0: Embedded Finance,…

7 hours ago