Against the backdrop of the recent shortage of Premium Motor Spirit (PMS) in some parts of Lagos, the commercial nerve centre of the country, the Nigerian Midstream and Downstream Petroleum Regulatory Authority has issued a press release to explain the cause of the scarcity of fuel in some parts of Lagos.
In the release, on Wednesday, the regulatory body clarified 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.
Methanol is a regular additive in Petrol and usually blended in an acceptable quantity.
“In order to ensure vehicular and equipment safety, the limited quantity of the impacted product was isolated and withdrawn from the market, including the loaded trucks in transit.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,” the statement read.
Meanwhile, NNPC has intensified efforts at increasing the supply of Petrol into the market in order to bridge any unforeseen supply gap, RovingNaija gathered on Thursday from inside sources.
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