Nigeria Can Save N49 By Blending Petrol With Ethanol Ethanol – Marketers
As the price of Premium Motor Spirit popularly known as Petrol is high and scarcity is being experienced in some parts of the country, Oil marketers have disclosed that mixing ethanol with Premium Motor Spirit can crash the price of the commodity across the country by N49 per litre.
The Executive Secretary, Major Oil Marketers Association of Nigeria disclosed this to Saturday PUNCH on the sideline of the BusinessDay/Major Oil Marketers Association of Nigeria Policy Intervention Series on Alternative Fuel in Lagos.
Ethanol is a volatile, inflammable, clear liquid with a distinctive odour and the chemical formula C2H5OH. It is the main type of alcoholic drink, but ethanol in its pure form is not fit for human consumption. Most fuel contains ethanol, commonly 10 per cent. This helps both supply oxygen to the fuel and reduce emissions. Ethanol also increases the octane number in fuel, and this helps to keep cars healthy.
According to the marketers, ethanol blending in petrol was an avenue for significant savings both on the part of the Federal Government and consumers.
Isong said, “We all know that everyone is currently complaining of the high price of petrol, however, blending ethanol with petrol is one of the ways to bring down prices by up to N49 per litre. This practice can also support local farming and agro-processing industries, particularly using abundant resources like cassava.”
Kazeem Badmus is a graduate of Mass Communication with years of experience. A professional in journalism and media writing, Kazeem prioritses accuracy and factual reportage of issues. He is also a dexterous finder of the truth with conscious delivery of unbiased and development oriented stories.
