The Nigerian Midstream and Downstream Petroleum Regulatory Authority has released a Press Statement regarding to the Petroleum news and scarcity
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (The Authority) wishes to inform the general public that limited quantity of PremiumMotor Spirit (PMS), 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To ensure vehicular and equipment safety, the limited quantity of the impacted product has been isolated and withdrawn from the market, including the loaded trucks in transit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 Lid and other industry stakeholders, will continue to monitor and ensure quality petroleum products are adequatelysupplied 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.
Nigerian Midstream and Downstream Petroleum Regulatory Authority (The Authority)
8th February, 2022