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Senate Raises Alarm Over Substandard Petrol, Diesel In Nigeria Markets
The Senate has raised concerns about the increase in substandard petrol and diesel in Nigeria.
EKO HOT BLOG reports that the Senate on Wednesday raised an alarm over the increase in substandard Premium Motor Spirit (petrol) and diesel in the Nigerian market.
Senator Asuquo Ekpeyong noted that on June 16, 2024, a report revealed that 12 diesel cargoes, totaling 660 kilotons, were exported by refineries to offshore Lome, Togo, for further distribution to West African markets, primarily Nigeria.
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He stated that the quality of the diesel was below Nigerian standards in terms of flash and sulfur levels.
He further disclosed that despite the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) recently revising diesel importation standards in line with the Petroleum Industry Act, 2021, it has been unable to enforce compliance with these standards.
Senate Substandard Petrol
The lawmakers subsequently set up an ad-hoc committee to launch an investigation into the continued importation of hazardous petroleum products, and dumping of substandard diesel into Nigeria
Again Ekpeyong avered that the NMDPRA has continued to issue import licences for diesel and jet, despite sufficient local production capacity.
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As the lawmakers expressed anger over what they described as sabotage and a clear failure of the objectives of the PIA, the Upper Chamber asserted that those found culpable in the illicit act must face the wrath of the law.
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