Fuel Scarcity: N165/litre of petrol retail price no longer realistic - Marketers
Fuel queues

Nigeria’s Federal Government has said fuel with methanol quantities above the country’s specification, was discovered in the supply chain.

The government confirmed this through the Nigerian Midstream and Downstream Petroleum Regulatory Authority, in a statement on Tuesday.

The statement said the supplier had been identified and appropriate sanction would apply.

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

“The Nigerian Midstream and Downstream Petroleum Regulatory Authority (The Authority) wishes to inform the general public that limited quantity of Premium Motor Spirit (PMS), commonly known as Petrol, with methanol quantities above Nigeria’s specification was discovered in the supply chain,” the statement said.

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“To ensure vehicular and equipment safety, the limited quantity of the impacted product has been isolated and withdrawn from the market, including the loaded trucks in transit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

Queues had surfaced in filling stations in parts of the country, particularly Abuja and Lagos, on Monday stretching into Tuesday.

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