Updates on the Growing issue of Fuel scarcity

 

From Monday till today, queues have been seen in filling stations in what looks like a growing scarcity of petroleum products. 

The Nigerian Midstream and Downstream Petroleum Regulatory Authority have confirmed some methanol quantities above Nigeria‘s specification in our petroleum, and while this issue is being rectified, oil marketers have been directed to ensure a sufficient supply of quality petrol throughout the country.

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To ensure vehicular and equipment safety, the limited quantity of the impacted product has been isolated and withdrawn from the market, including the loaded trucks in transit.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

Some reports have also surfaced claiming  some private depot owners are hoarding the commodity as they awaited subsidy removal.