Govt flags petrol stations for overpricing fuel

Petrol price goes down by 3.7% to retail at 129.72

Four petrol stations have been flagged for overpricing contrary to the ceiling price in the April review.

The stations are located in Migori, Kehancha, Awendo and Isebania.

The move by the Energy Petroleum and Regulatory Authority (EPRA) comes four days after it set the price of the commodity expected to last on May 14, 2022.

Last review saw the resumption of normalcy after the country experienced an unprecedented fuel shortage for almost a month.

Oil Marketing Companies (OMC) were hoarding the commodity over Ksh.13 billion the government owed them.

“By yesterday, the Ministry can confirm that the majority of petroleum retail stations across the country were carrying out business as normal. The long queues witnessed in the past two weeks were gone and normalcy in petroleum supplies was restored,” said the Ministry of Petroleum said in a statement.

The government has already paid Ksh.34.2 billion of the arrears owed to the marketers over the course of the fuel shortage crisis in the country.

A further Ksh.14 billion will be channelled to OMCs to cover arrears from the fuel subsidy.

A total of 10.6 million litres of super petrol and 13.3 million litres of diesel were loaded and distributed around the country between April 14 and April 18.

However, other regions were still experiencing the shortage, due to Easter Holiday which lasted Monday.

According to a report by Citizen TV, Salgaa had only one fuel pump which was working on Monday forcing residents including bodaboda riders to shop for the commodity in the black market where a litre of petrol retails for up to Ksh.200.

Fuel prices jumped by Ksh.9.90 in the April review.

In Nairobi, a litre of Petrol will go for Ksh.144.62, Diesel (Ksh.125.50) and Kerosene (Ksh.113.44).

The prices will be in place between April 15 and May 14, 2022.

According to EPRA, the Ksh.9.90 rise in price factors in the fuel subsidy programme by the government.

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