Saturday, January 28, 2023
Solakuti.com
  • Breaking News
  • Nigeria
  • Opinions and Editorials
  • Covid-19
  • Economy
  • Elections
  • Politics
No Result
View All Result
  • Breaking News
  • Nigeria
  • Opinions and Editorials
  • Covid-19
  • Economy
  • Elections
  • Politics
No Result
View All Result
Solakuti.com
No Result
View All Result

NNPC may spend over N200billion to re-blend adulterated fuel

12 months ago
in Economy, General News, Special Appeals
images 2022 02 11T102822.459

It has been revealed that the Nigerian National Petroleum Company (NNPC) may need N201bn worth of clean Premium Motor Spirit (petrol) to bring 170.25 million litres of adulterated product imported into the country up to standard.

Indications to this effect were revealed by the Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Mr Farouk Ahmed, during a visit to some depots in Lagos.

He had said “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.”

Based on a recent analysis of Farouk Ahmed’s statement and parameter for the re-blending of the adulterated petrol and bringing it up to standard, the two cargoes, containing a total of 170.25 million adulterated petrol, would require 681 million litres of clean product worth N201bn at a landing cost of N295 per litre.

It was however noted that the N201bn is only a conservative estimate, as there are other costs that would be associated with the re-blending.

Pass It On:

  • Twitter
  • Facebook
  • WhatsApp
  • Telegram
  • Email

Like this:

Like Loading...

Related

Tags: #AdulteratedFuel#NMDPRAAhmed FaruokNNPC
Share8Tweet5
Next Post
images 2022 02 11T110211.474

Second Niger Bridge named after Buhari not Jonathan - Presidential Aide

Lets us know what you think Cancel reply

0 Comments
Inline Feedbacks
View all comments
Solakuti.com

© 2020 SK's Blog - All Rights Reserved.

Navigate Site

Follow Us

Social icon element need JNews Essential plugin to be activated.
No Result
View All Result
  • Breaking News
  • Nigeria
  • Opinions and Editorials
  • Covid-19
  • Economy
  • Elections
  • Politics

© 2020 SK's Blog - All Rights Reserved.

wpDiscuz
0
0
Would love your thoughts, please comment.x
()
x
| Reply
%d bloggers like this: