P1981 Ford M350 shows up when there's an electrical problem that causes the fuel volume regulator to malfunction and open. It's quite an unusual problem and likely intermittent. Other serious codes may cause this code to pop up, and they may come with dangerous drivability issues that may expose you to safety risks and cause damage to the engine in the long run.
Possible Causes :
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You might continue by connecting the scanner to the vehicle diagnostic connector and retrieving all stored codes and freeze frame data. Look for damage to the tank indicating impact that may have damaged the fuel pump or sender.
Diagnostic trouble code P1981 Ford M350 is not difficult to diagnose and repair. Thus, it always pays to have a qualified technician to look after your vehicle should this error code arise.
Diagnosing this code requires the engine to be in good running shape, without unmetered air entering the engine. If other codes that relates to misfiring condition, lean running or air entering the engine is present, then you must first fix those error codes before P1981 Ford M350.
Fortunately, P1981 Ford M350 is a fairly common OBD code, meaning that it applies to all makes and models of vehicles made after 1996.