companies are allocated crude supplies in exchange for the delivery of an equal value of petrol and other refined products to the NNPC.
MRS had in a statement issued on Tuesday said the Duke Oil, a trading arm of NNPC, supplied a cargo of PMS through a vessel that delivered a total of 36,958 metric tonnes (49.56 million litres) in Apapa between January 24 and 30.
Emadeb/Hyde/AY Maikifi/Brittania-U Consortium said on Thursday that one of its members, Brittania-U was the sole supplier of a cargo, containing 90,000MT (120.69 million litres) of PMS delivered on January 2 to 4.
681m litres of good fuel require for two cargoes, quantity of two cargoes remains unknown
Going by the NMDPRA’s parameter for the re-blending of the adulterated petrol, the two cargoes, containing a total of 170.25 million adulterated petrol, would require 681 million litres of clean product worth N201bn (based on a landing cost of N295 per litre).
The N201bn is a conservative estimate, as there are other costs that would be associated with the re-blending.
However, the quantity of the other two cargoes remained unknown as of the time of filing this report.
Meanwhile, the President, Major General Muhammadu Buhari (rtd.), on Thursday in Abuja directed service providers to fully disclose relevant information concerning the consumption of their products and compensate dissatisfied consumers.
The Senior Special Assistant to the President on Media and Publicity, Garba Shehu, disclosed this in a statement on Thursday titled, ‘Providers of substandard fuel must be held accountable, directs President Buhari.’
Sylva had on Wednesday hinted that the government would look into possible compensation for Nigerians whose automobiles had been damaged by the contaminated fuel.
Shehu’s statement, however, quoted the President as saying that he ‘has ordered that producers and providers of consumable products be held accountable for substandard services and or products sold by them.
“The President has also given directives to the 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.”
Reacting to the petroleum product shortages, Buhari said the protection of consumer interests was his regime’s priority, adding that he was ready to take all necessary measures to protect consumers from hazardous products, loss or injuries from the consumption of substandard goods.
According to the presidential spokesman, Buhari has 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.”
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