Abuja — The Nigerian Midstream and Downstream Petroleum Regulatory Authority, The Authority, has announced the discovery and withdrawal of off spec Premium Motor Spirit, PMS, from circulation citing safety concerns.
The Authority made the disclosure in a statement pointing out 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.
“To ensure vehicular and equipment safety, the limited quantity of the impacted product has been isolated and withdrawn from the market, including the loaded trucks in transit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.
Checks by SweetcrudeReports revealed that the action of The Authority has sparked panic buying resulting in long queues at petrol stations in Lagos and Abuja.
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