Lilian Nyiva
Energy and Petroleum Cabinet Secretary Opiyo Wandayi has issued a stern warning to oil marketing companies against hoarding fuel or engaging in speculative practices following the latest review by the Energy and Petroleum Regulatory Authority (EPRA).
Wandayi cautioned that any attempts by fuel dealers to withhold petroleum products in anticipation of future price adjustments would attract regulatory action. The warning comes amid heightened scrutiny of the petroleum sector as the government seeks to ensure a stable and uninterrupted fuel supply across the country.
EPRA Monitoring Market Conduct
The CS revealed that EPRA has intensified oversight of the sector and has taken action against several oil marketers suspected of violating industry regulations. According to reports, the regulator has issued show-cause letters to a number of companies over concerns related to fuel stock management and compliance requirements.
Wandayi emphasized that fuel companies must operate within the law and ensure that consumers have continuous access to petroleum products at approved market prices.
Assurances on Fuel Availability
The government has maintained that Kenya has sufficient fuel stocks and that deliveries have been secured to guarantee uninterrupted supply in the coming weeks. Wandayi stated that measures have been put in place to shield the country from supply disruptions and volatility in global energy markets.
He noted that the government remains committed to ensuring stability in the petroleum sector despite challenges arising from fluctuations in international oil prices and geopolitical tensions affecting global fuel supply chains.
Consumer Protection Measures
The CS said the government will continue working closely with EPRA and other stakeholders to protect consumers from artificial shortages and unjustified price increases. He warned that companies found engaging in hoarding, market manipulation, or practices that undermine fair competition risk facing penalties and regulatory sanctions.
Focus on Sector Stability
Wandayi reiterated that maintaining adequate fuel supplies remains a priority for the government, adding that ongoing monitoring and enforcement measures are intended to preserve confidence in the country's petroleum supply system. He urged oil marketers to comply fully with regulatory requirements and support efforts aimed at ensuring energy security for Kenyans.
