Tag: PMS

  • We did not import adulterated PMS into Nigeria- Oando

    We did not import adulterated PMS into Nigeria- Oando

    Oando Plc has refuted a claim by the Nigerian National Petroleum Company (NNPC) Limited that the firm imported adulterated Premium Motor Spirit (PMS) into the country.

     

    The NNPC Group Managing Director, Mele Kyari, had on Wednesday said the national oil firm received on January 20, 2022, a report from its quality inspector on the presence of emulsion particles in PMS cargoes shipped to Nigeria from Antwerp-Belgium.

     

    Kyari explained that the NNPC investigation revealed the presence of methanol in four PMS cargoes imported by its Direct Sale Direct Purchase suppliers namely MRS, Emadeb/Hyde/AY Maikifi/Brittania-U Consortium, Oando, and Duke Oil.

     

    We want to assure the public that Oando as a responsible corporate citizen would not partake in the importation, distribution, or marketing of substandard petroleum products

     

    In a statement released to the Nigerian Exchange Limited on Thursday, Oando said, “Following media reports listing Oando as one of four importers that supplied methanol-blended Premium Motor Spirits into the country, we hereby state that Oando did not import and supply PMS that was adulterated or substandard.

     

    “The PMS supplied by Oando met Nigeria’s import specification. We are committed to working assiduously with the NNPC and industry to identify the root cause(s) of the subsequent contamination of the PMS supplied.

     

    We want to assure the public that Oando as a responsible corporate citizen would not partake in the importation, distribution, or marketing of substandard petroleum products.”

  • Adulterated fuel: Buhari talks tough, says importers of substandard PMS must be held accountable

    Adulterated fuel: Buhari talks tough, says importers of substandard PMS must be held accountable

    President Muhammadu Buhari has ordered that importers and providers of consumable products, including premium motor spirit (PMS) be held accountable for substandard services and or products sold by them.

    President Buhari also gave directives to relevant government agencies to take every step in line with the laws of the country to ensure the respect and protection of consumers against market abuses and social injustices.

    The President’s Senior Special Assistant on Media and Publicity, Malam Garba Shehu, in a statement on Thursday, said Buhari gave the directive while reacting to the issue of petroleum product shortages linked to the inadvertent supply of products of foreign origin into the Nigerian market.

    According to the president, the protection of consumer interests is a priority of the present administration and is ready to take all necessary measures to protect consumers from hazardous products, loss or injuries from the consumption of substandard goods.

    The President, therefore, directed that in line with the law, service providers must make full disclosure of relevant information with respect to the consumption of their products and that dissatisfied consumers are entitled to a proper redress of their complaints.

    Adulterated fuel: Reps ask NNPC to suspend importers

    Meanwhile, the House of Representatives has ordered full investigations into the importation of adulterated fuel, also known as Premium Motor Spirit (PMS) into Nigeria.

    The house also summoned the Group Managing Director (GMD) of the Nigeria National Petroleum Corporation (NNPC) Ltd., Mr Melee Kyari and the four companies involved in the importation.

    The resolution followed the adoption of a motion of urgent public importance by Rep. Mohammed Mongunu, the Chief Whip of the house on Thursday in Abuja.

    In his motion, he noted that the country recently witnessed scarcity of fuel in petroleum stations especially in the Federal Capital Territory and Lagos State.

    He said that according to reports, the scarcity was as a report of alleged adulterated petrol in circulation.

    He said quality of the fuel was noticed about a week ago, when many car engines of motorists were reportedly damaged and consumers had already started suing retail outlets for selling them adulterated fuel.

    “Nigeria is known to be a petroleum producing country. As a result of either our actions or inactions over the years, we have now outsourced the refining of petroleum products to jurisdictions outside Nigeria.

    “At such, it behoves on us as a country to closely monitor the quality of petroleum products that is being imported in the country.

    Recall that Kyari had said MRS, Oando, Emadeb Consortium, and Duke Oil, a subsidiary of the NNPC, imported the methanol-blended petrol.

    The house, therefore, asked the NNPC to provide the names of the companies to its committee for investigation.

    The investigation will cover roles played by the NNPC Ltd, the Nigeria Customs Service, Standards Organisation of Nigeria, and other agencies responsible for overseeing importation and dispensing of fuel.

    Rep Abubakar Nalaraba (APC-Nasarawa) in his contribution to the motion, said it was unfortunate that Nigeria would spend such amount of money on fuel importation and would end up importing adulterated fuel.

    Rep Taiwo Oluga (APC-Osun) called for immediate summon of the NNPC, adding that what the corporation did was unacceptable.

    He said the GMD should be summoned to explain why it would be gambling with the lives of Nigerians.

    “It is a shame that we will be producing the crude and they will be importing adulterated fuel, the NNPC should be invited to come to plenary to explain to the house, what is wrong and not the committee.

    Rep. Ahmed Wase, the Deputy Speaker of the house who presided over the plenary However, objected to the NNPC appearing at the plenary.

    He said the house should have confidence in its committee, adding that they should be made to appear before the committee and not before the whole house at plenary.

    Rep. Tajudeen Yusuf (PDP-Kogi) stated that those who used the fuel everyday such as taxi drivers and others, were being unnecessarily punished, adding that there should be a deliberate effort to assuage their feelings

    Rep. Chinedu Ogah (APC-Ebonyi) in his support for the motion. noted that there should be an investigation of the agencies saddled with the responsibility of ensuring that fuel was being certified before it was taken to end users.

    Rep. AbdulGaniyu Johnson (APC-Lagos) said it was time to revisit the concept of ease of doing business in Nigeria, adding that various regulatory bodies should be allowed to do their work.

    Rep Onofiok Luke (PDP-Akwa-Ibon) in his contribution, said Nigeria as a whole had been bedeviled with various challenges and this adulterated fuel was adding additional burden.

    “I have had so many who have called me about their engine packing up and their cars malfunctioning because of the adulterated fuel imported into the country.

    “We must be able to get the people to be accountable in the offices they hold. There are inspections at the point of loading, who are the people responsible, are they performing their responsibilities ,” he asked.

    According to him, if the NNPC has come out to say that there is something wrong then it is no longer an allegation. It is a confession and we must take it from there.

    The investigation is to know the quality of petroleum products imported and whether importation, distribution and dispensing of the toxic fuel meet international standards.

  • BREAKING: Reps demand suspension of companies involved in adulterated PMS

    BREAKING: Reps demand suspension of companies involved in adulterated PMS

    House of Representatives has demanded immediate suspension of companies involved in the importation of adulterated petrol into Nigeria. This is while also demanding for probe into the source of the adulterated petrol.

    Members of the House passed the resolution to investigate the source of the adulterated Premium Motor Spirit (PMS), better known as petrol, on Thursday.

    Members, while debating a motion of urgent public importance, said the development was a failure on the part of regulatory and monitoring agencies.

    They called for the immediate suspension of the four firms which imported the adulterated product,. This they said should be done pending the outcome of the investigation.

    Chief Whip of the House, Mohammed Tahir Monguno, moved the motion. He urged the legislature to intervene to ensure the product did no further damage and hardship to Nigerians.

    Several members contributed to the motion. They informed the House that many Nigerians have reported engine failures in their vehicles. Such failures include sudden breakdowns on the roads.

    Rep. Isiaka Ibrahim was worried that besides vehicular breakdowns, a worse scenario could have been the case if the adulterated fuel was aviation fuel.

    “Mr Speaker, that will be quite frightening and the outcome is better imagined.

    “For example, while an aeroplane is flying, the engines suddenly stop working because of bad aviation fuel.

    “That could have been worse”, he noted.

    Rep. Tajudeen Yusuf, echoing Ibrahim’s fears, said the importation of bad fuel was another symptom of the sickness plaguing the entire system.

    He wondered how the adulterated petrol escaped the scrutiny of the layers of regulatory bodies, both at the port of entry and onshore.

    “I feel saddened that the layers of laboratory inspection failed until the bad fuel got into vehicles in the country.

    “This is the unfortunate situation in our country; everyone thinks of their pockets first and looks the other way”, he added.

    On his part, Rep. AbdulGaniyu Johnson suggested a review of the policy on the ease of doing business in Nigeria.

    The lawmaker observed that the policy was affecting the economy negatively. He averred that in some way, relevant regulatory agencies were no longer doing their jobs thoroughly.

    The House, in passing the motion, also gave a directive to the Committee on Petroleum Resources (Downstream). The committee was asked to ensure their investigation covers all other petroleum products imported into the country lately. They should also ascertain their conformity to standards and safety for use.

  • SCARCITY: Nigerian government imports 300m litres of PMS

    SCARCITY: Nigerian government imports 300m litres of PMS

    The Nigerian government has imported at least 300 million litres of Premium Motor Spirit, PMS, as succour, following scarcity of the product in major cities.

     

    Revealing this in a tweet on Thursday, Personal Assistant to President Muhammadu Buhari on New Media, Bashir Ahmed, quoted the CEO of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Farouk Ahmed.

     

    According to him, the newly imported 300 million litres would close the gap and ensure the availability of the product for Nigerians.

     

    “At least six vessels ordered by the @NNPCgroup have arrived in the country, the vessels came in with 300 million litres of PMS (petrol) meant to close the gap created by the contaminated petrol withdrawn from depots and filling stations,” Bashir said, quoting Farouk.

    The Federal Government, after confirming that the scarcity was birthed by the importation of over 100 million adulterated fuel into the country, vowed to investigate the cause of the matter.

  • We have 20 days PMS sufficiency, no need for panic buying – NMDPRA

    We have 20 days PMS sufficiency, no need for panic buying – NMDPRA

    The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says Nigeria currently has 20 days sufficiency of Premium Motor Spirit (PMS) hence there is no need for panic buying by the public.

    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.

    Mr Farouk Ahmed, Chief Executive NMDPRA made this known 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 resolving the issue.

    He said: “Today, I am happy to say that loading has been going on in most of the depots because we have been able to identify, isolate and quarantine the limited amount of gasoline that was affected by the methanol volume that was discovered.

    “We have vessels that have arrived the country recently.

    “At least six arrived in the last few days ordered by the NNPC carrying a total volume of close to 300 million litres just to close to gap created by those vessels we have withdrawn from the system.

    “All in all, as at today, we have about 20 days sufficiency of PMS in the country. Our ideal days of sufficiency is 30 but the withdrawal of the vessel created the gap in our 30 days sufficiency.

    “Again, with aggressive importation by the NNPC, this will be closed in a few days from the data we got from the NNPC’s import programme.

    “Loading is also ongoing in most of the depots that have confirmed spec products so there is no need for panic. Hopefully by tomorrow or early Friday, Lagos will will be cleared.”

    According to him, there is a 9,000MT vessel that is currently about to discharge at the Apapa Port.

    He said this vessel would be providing PMS to major marketers including OVH Energy, TotalEnergies, 11 Plc, Con Oil and Ardova Plc.

    Ahmed said there were also vessels on ground to supply products to DAPPMAN members while the technical team would continue to work on how to salvage the withdrawn products in their depots.

  • NNPC assures Nigerians of sufficient PMS stock

    NNPC assures Nigerians of sufficient PMS stock

    The Nigerian National Petroleum Corporation Ltd. (NNPC) has assured the public that the Company has sufficient stock of Premium Motor Spirit (PMS), otherwise known as petrol, to meet the needs of Nigerians.

    Mr Garba Muhammad, Group General Manager, Group Public Affairs Division of NNPC, gave the assurance in a statement on Wednesday.

    Muhammad, therefore, advised the public not to engage in panic buying of petrol and to ignore all rumours that may suggest otherwise.

    “In line with the existing laws of the land, NNPC Ltd. is deeply committed to ensuring energy security for the country,” the group general manager said.

  • President Buhari tactical shifts fuel subsidy removal to next government

    President Buhari tactical shifts fuel subsidy removal to next government

    President Muhammedu Buhari has endorsed the 18-month suspension of the removal of subsidy on Premium Motor Spirit (PMS), tactical shifting the removal to the next government as his tenure terminates in May 2023.

    The Minister of State, Petroleum Resources, Mr Timipre Sylva, made the position of the President known at a special media briefing organised by the office of the Special Adviser to the President on Media and Publicity, Mr Femi Adesina, in Abuja on Tuesday.

    Sylva had earlier met behind closed door with the president, who also serves as the Minister of Petroleum Resources.

    According to Sylva, arrangements have reached advanced stage by the executive arm of government to propose to the National Assembly, an 18-month extension for the implementation of the Petroleum Industry Act (PIA) that was meant to kick-start in February.

    He said: “we don’t intend to remove subsidy now. That is why we are making this announcement.

    “We also see the legal implication. There is six months provision in the PIA, which will expire in February and that is why we are coming out to say that before the expiration of this time, as I said earlier, we will engage the legislature.

    “We believe that this will go to the legislature; we are applying for amendment of the law so that we will still be within the law.

    “We are proposing, an 18months extension. But what the National Assembly is going to approve is up to them.

    “We would approve an 18 months extension and then it is up to the National Assembly to look at it and pass the amendment as the see it.’’

    On the possibility of gradual increase in the price of PMS, the minister dismissed such plans, saying “that is not on the table as well. Gradual or increment in whatever guise is not on the table.

    “We are going to see how to rejig the law; this is not going to be the only amendment to the PIA.

    “A few months ago, the president already proposed an amendment to the law.”

    The president had on Aug. 16, 2021 signed the Petroleum Industry Bill into law.

    The PIA is expectedly meant to grow investors’ confidence in Nigeria’s Petroleum Industry and create more employment opportunities for the populace in the host communities.

    Buhari’s assent to the bill was in furtherance to the passage of the bill by both the Senate and the House of Representatives earlier in July 2021.

  • NNPC douses tension of fuel scarcity at Christmas, New Year celebrations

    NNPC douses tension of fuel scarcity at Christmas, New Year celebrations

    The Nigerian National Petroleum Company Ltd. (NNPC) has doused the tension of fuel scarcity as Christmas and New Year celebrations draw near.

    TheNewsGuru.com (TNG) reports the NNPC as saying it will continue to work tirelessly to ensure sufficient supply of petrol to every part of the country during and beyond the forthcoming festive period.

    Group General Manager, Group Public Affairs Division, NNPC, Mr Garba Muhammad, made this known in a statement on Tuesday in Abuja.

    Muhammad expressed appreciation to Nigerians for always heeding its advisories not to engage in panic buying of petrol.

    “The NNPC is once again giving Nigerians strong assurance that we have product sufficiency that will last far beyond the festive period.

    “Indeed, our stock has risen from a reserve of 1.7 billion litres to over two billion litres within the last one month,” he said.

    Muhammad, therefore, urged Nigerians not to engage in panic buying, but to fully enjoy the spirit of the festive season.

    While appreciating Nigerians for their understanding and support, he promised that NNPC will not relent, in always ensuring sufficient supply of petrol.

    “We wish you all happy celebrations,” he said.

  • NNPC records N141.96bn trading surplus

    NNPC records N141.96bn trading surplus

    The Nigerian National Petroleum Company (NNPC) Limited has announced a huge leap in trading surplus of ₦141.96billion recorded in June 2021 compared to a deficit of ₦37.46Billion in May 2021.

    This is contained in the June 2021 figures of the NNPC Monthly Financial and Operations Report (MFOR).

    A trading surplus or trading deficit is derived after deduction of the expenditure profile from the revenue for the period under review.

    In June 2021, NNPC Group operating revenue as compared to May 2021, decreased by 9.07% or N89.27billion to stand at N894.64billion.

    Similarly, expenditure for the month decreased by 29.32% or N299.44billion to stand at N721.93billion.

    Thus, in the period under review, expenditure as a proportion of revenue was 0.81%, compared to the figure in May which stood at 1.04%.

    The report also noted that the increase in trading surplus was due mainly to the increased sales of crude oil and gas by the Nigerian Petroleum Development Company (NPDC), an Upstream subsidiary of the NNPC, and the increased gas sales and depreciation postings by the Nigerian Gas Company (NGC).

    The positive outlook was further bolstered by the performance of Duke Oil and the Nigerian Gas Marketing Company (NGMC) which also added to the improved bottom line.

    Trading surplus or trading deficit is derived after deduction of the expenditure profile from the revenue for the period under review.

    According to the report, in
    plus or trading deficit is derived after deduction of the expenditure
    profile from the revenue for the period under review.

    According to the report, in
    To ensure continuous supply and effective distribution of Premium Motor Spirit (PMS) across the country, a total of 1.63bn litres of PMS translating to 54.50mn liters/day were supplied in June 2021.

    The report indicated that in June 2021, 47 pipeline points were vandalized representing 26.56% decrease from the 64 points recorded in May 2021. Port Harcourt Area accounted for 43%, while Mosimi and Kaduna Areas accounted for 51% and 6% respectively of the vandalized points.

    In the gas sector, a total of 223.77billion cubic feet (bcf) of natural gas was produced in the month of June 2021 translating to an average daily production of 7,459.88million standard cubic feet per day (mmscfd).

    For the period of June 2020 to June 2021, a total of 2,890.11bcf of gas was produced representing an average daily production of 7,321.36mmscfd during the period.

    Period-to-date production from Joint Ventures (JVs), Production Sharing Contracts (PSCs) and NPDC contributed 59.84%, 20.26% and 19.90% respectively to the total national gas production.

    The 71st edition of the MFOR highlights NNPC’s activities for the period of June 2020 to June 2021.

    In line with its commitment to transparency and accountability, NNPC has continued to sustain effective communication with stakeholders through this report via publications on its website, independent online news portals and in national dailies.

  • No fuel price increase in June – FG

    No fuel price increase in June – FG

    There will be no increase in the pump price of Premium Motor Spirit (PMS), popularly known as fuel or petrol, the federal government has said.

    TheNewsGuru.com (TNG) reports Minister of State for Petroleum, Timipre Sylva made this known in a statement on Friday in Abuja, the nation’s capital.

    The statement reads: “Once again, it has become necessary to assure Nigerians that despite the huge burden of under-recovery, the Federal Government is not in a hurry to increase the price of Premium Motor Spirit (petrol) to reflect current market realities.

    “The current price of petrol will be retained in the month of June until the ongoing engagement with organized labour is concluded.

    “This clarification becomes necessary in the light of recent reports regarding the resolution of the Nigeria Governors Forum to increase the pump price of petrol.

    “In this regard, I would like to strongly urge petroleum products marketers not to engage in any activity that could jeopardize the seamless supply and distribution system in place.

    “I also urge members of the public to avoid panic buying because the Nigerian National Petroleum Corporation (NNPC) has enough stock of petroleum products to keep the nation wet”.