The Federal Competition and Consumer Protection Commission (FCCPC) has engaged relevant regulatory agencies under the energy sector to uncover the leakage and source of the adulterated Premium Motor Spirit (PMS), popularly known as petrol, into some parts of the country.
In a statement by the Executive Vice Chairman of the Commission, Babatunde Irukera, on Thursday, said FCCPC is aware that a certain but limited quantity of Premium Motor Spirit (PMS) that does not comply with established, applicable, and prevailing standards has been distributed and sold in certain parts of Nigeria.
“The Commission in the process of its initial investigative assessment understands that consumers who purchased fuel that constitutes part of this consignment have experienced technical difficulties and damage to their vehicles or other relevant equipment/machinery.
“In furtherance of its investigation; and pursuant to relevant laws, the Commission is currently engaging multiple regulators and entities relevant and involved in the PMS distribution value chain.”
He explained that the engagement is aimed at “addressing hardship or difficulties consumers may experience with respect to the withdrawal of the implicated products from the market.
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“Securing assurance and promoting consumer confidence that supply constraints are addressed and will not persist.
“Ensuring that the regulator’s recall effort under applicable laws and regulations including Petroleum Industry Act, 2021 and Federal Competition and Consumer Protection Act, 2018 (FCCPA) sufficiently excludes continuing distribution of the implicated product.
“Encourage and promote additional and robust mechanisms to prevent reoccurrence and develop a meaningful and transparent mechanism to address demonstrated injury to affected consumers.”
Irukera said the commission’s engagement with the key and relevant regulators/entities involved have been constructive and productive.
He commended the responsiveness and prioritisation in ensuring continuity of supply, containment of implicated product and sensitivity to consumer dissatisfaction and inconvenience.
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FCCPC engages regulators over adulterated fuel in some parts of Nigeria
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FCCPC engages regulators over adulterated fuel in some parts of Nigeria
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