News

Vivo Energy Tops Kenya’s Oil Market Share in 2024; See Full Lost

Vivo Energy Kenya Limited has emerged as the leading Oil Marketing Company (OMC) in Kenya, commanding a 21.34% share of the market as of December 2024, according to the latest data. The company recorded total sales of 645.35 million liters in the period under review.

Trailing behind Vivo Energy are Rubis Energy Kenya Plc and TotalEnergies Marketing Kenya Plc, with market shares of 15.36% and 14.37%, respectively.

Rubis reported sales of 464.35 million liters, while TotalEnergies clocked 422.49 million liters, rounding out the top three players in Kenya’s competitive oil market.

The data, which tracks sales of Automotive Gas Oil (AGO), Premium Motor Spirit (PMS), and JET A1, shows the significant gap between the leading trio and other OMCs.

Ola Energy Kenya Limited secured fourth place with a 4.21% share (127.02 million liters), followed by Be Energy Limited at 3.72% (105.34 million liters). Hass Petroleum Kenya Limited and Galana Energies Limited followed closely, with market shares of 3.17% (90.21 million liters) and 3.12% (90.09 million liters), respectively.

Smaller players also made their mark, with Stabex International Limited holding 2.29% (69.69 million liters), Lake Oil Limited at 1.95% (58.62 million liters), and Petro Oil Kenya Limited at 1.90% (55.49 million liters).

Other notable companies include Tosha Petroleum (Kenya) Limited (1.80%, 55.38 million liters), Dalbit Petroleum Limited (1.81%, 52.81 million liters), and Oryx Energies Kenya Limited (1.55%, 45.10 million liters).

Further down the list, Towba Petroleum Company Limited recorded a 1.39% share (40.45 million liters), while Afriah Petroleum/Oil Limited and Gulf Africa Trading Limited posted 1.28% (37.81 million liters) and 1.27% (36.67 million liters), respectively.

Kenya Petroleum Company Limited and Eldoret Energy Limited rounded out the named OMCs with shares of 1.19% (34.46 million liters) and 1.18% (34.41 million liters).

Other OMCs accounted for a substantial 14.68% of the market, with combined sales of 312.72 million liters, reflecting the presence of numerous smaller players in the sector.

While individual breakdowns for AGO, PMS, and JET A1 sales were not specified, Rubis and TotalEnergies continue to hold significant sway, catering to Kenya’s growing demand for fuel across industrial, automotive, and aviation sectors.

Monitor Your Business Transaction

Lawrence Baraza

Lawrence Baraza is a dynamic journalist currently overseeing content at Metropol TV Digital. With a keen focus on business news and analytics, Lawrence guides the platform in delivering insightful, data-driven content that empowers its audience to make informed decisions. Lawrence’s commitment to quality and his ability to anticipate market trends make him a key figure in the digital media landscape. His work continues to shape the way business news is consumed, making a significant impact in the field.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button