Why Petrol Pump Price Hit N978 Per Litre and N1,500 in Black Market

JUST IN ! Federal Government Confirms Adulterated Petrol in Circulation

Breaking News !

The Federal Government through the Midstream and Downstream Petroleum Regulatory Authority today, confirmed that adulterated petrol is in circulation across the country.

The regulatory authority in a statement announced that the supplier of the adulterated petrol has been identified and appropriated sanction will be meted out to him.

The statement added that oil marketers have been directed to ensure sufficient supply of the product across all outlets in the country.

Long queues have surfaced petrol filling stations in major cities including Lagos and Abuja.

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“To ensure vehicular and equipment safety, the limited quantity of the impacted product has been isolated and withdrawn from the market, including the loaded trucks in transit.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

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JUST IN ! Federal Government Confirms Adulterated Petrol in Circulation

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