The Nigerian National Petroleum Company Limited may need an estimated N201bn worth of clean Premium Motor Spirit (petrol) to bring 170.25 million litres of adulterated product imported the country up to standard, an analysis of industry data has shown.
The Nigerian Midstream and Downstream Petroleum Regulatory Authority had said on Tuesday that for every 200 litres of the adulterated product, 800 litres of petrol with good quality would be required for the blending that would be done.
“All the off-spec material (product) will re-blended to very good quality, and it will be certified and recertified before it goes into the market. The component that was in excess was methanol; what we agreed was that for every 200 litres of the affected volume, we need about 800 litres to blend,” the Chief Executive Officer, NMDPRA, Mr Farouk Ahmed, had said during a visit to some depots in Lagos on Wednesday after a meeting with industry stakeholders.
(Native Reporters)
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