The Kenyan government has directed oil marketing companies to immediately release any withheld fuel supplies, warning that hoarding petroleum products will not be tolerated.
Energy and Petroleum Cabinet Secretary Opiyo Wandayi issued the directive on Wednesday, March 25, amid growing public concern over a possible fuel shortage. He reassured Kenyans that the country has sufficient fuel reserves and urged citizens to avoid panic buying.
Hoarding Claims Spark Concern
Speaking during a press briefing, Wandayi accused some fuel marketers and retailers of deliberately holding back supplies in anticipation of higher prices. He described the move as exploitative and a violation of licensing regulations.
“We have noted with grave concern that some retailers are hoarding products with the intention of selling at higher prices. This is unacceptable, and we will take firm action against those found in violation,” he said.
The CS warned that companies found engaging in such practices risk facing penalties, including suspension or revocation of their operating licenses.
Strict Compliance with Pricing Rules
Wandayi also directed all licensed oil marketers to ensure a steady supply of fuel across the country and strictly adhere to pricing guidelines set by the Energy and Petroleum Regulatory Authority (EPRA).
He emphasized that the government will continue monitoring the situation closely to protect consumers from unfair pricing and artificial shortages.
No Immediate Price Changes
Despite concerns in the market, Wandayi clarified that there are no immediate plans to adjust fuel prices. He urged Kenyans to remain calm, noting that the government is in control of the situation.
“On the matter of pricing, we shall address it when the time comes. For now, I urge Kenyans not to engage in panic buying. We have adequate stocks, and the government will ensure continued supply,” he added.
Stable Supply Agreements
The Ministry of Energy further confirmed that government-to-government fuel supply agreements remain stable. Key international suppliers, including Saudi Aramco, Abu Dhabi National Oil Company, and Emirates National Oil Company, have not reported any disruptions.
Regional Perspective
In neighbouring Uganda, Energy Minister Ruth Nankabirwa Ssentamu also dismissed fears of shortages, stating that the country has enough reserves to last at least 21 days. Uganda relies heavily on fuel imports through the Port of Mombasa.
Currently, fuel prices in Nairobi stand at approximately KSh178.28 for petrol, KSh166.54 for diesel, and KSh152.78 for kerosene, while Uganda’s prices remain slightly lower.
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