After Query, Petroleum Agency Boss Assures of Sufficient Fuel to Last 20 Days
Published by Borderless Media
After Query, Petroleum Agency Boss Assures of Sufficient Fuel to Last 20 Days
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) on Wednesday said Nigeria currently has 20 days sufficiency of Premium Motor Spirit (PMS).
The agency said there is no need for panic buying by the public.
His assurance became germane after long queues appeared in major Nigerian cities including Abuja and Lagos.
The downstream petroleum regulatory agency said it was also working round the clock with other stakeholders to address the issue of substandard PMS, also known as petrol, imported into the country.
The Chief Executive NMDPRA, Mr. Farouk Ahmed, stated this during a meeting with downstream industry stakeholders on Wednesday in Lagos.
The meeting had in attendance top officials of the Nigerian National Petroleum Company Ltd., the Major Oil Marketers Association of Nigeria (MOMAN) and the Depots and Petroleum Products Marketers Association of Nigeria (DAPPMAN).
Ahmed said the imported PMS was discovered to contain methanol above the specified volume , adding that a technical team comprised of stakeholders was working towards responding to the issue.
