Kenya's Cabinet Secretary for Energy and Petroleum, Opiyo Wandayi, has called an emergency meeting with oil marketers following concerns about a potential fuel shortage.

• The meeting comes after talks with government-to-government suppliers like Saudi Aramco, ADNOC, and ENOC.
• CS Wandayi is reassuring the public that there is no cause for alarm regarding fuel availability.
• The situation is being monitored closely due to global concerns, including the closure of the Strait of Hormuz, which handles 21% of global oil supply.

Kiharu Member of Parliament Ndindi Nyoro has appealed to the Energy and Petroleum Regulatory Authority (EPRA) to maintain current fuel prices in Kenya, despite a surge in global oil costs due to the Middle East crisis.

• Nyoro called for the removal of the Sh7 per litre fuel levy and the 8 percent Value Added Tax (VAT) on petroleum products.
• The key figure involved is Kiharu MP Ndindi Nyoro, who is urging EPRA to take action.
• The call comes as global oil prices have surpassed $100 a barrel amidst escalating tensions in the Middle East.

Kenya's manufacturing sector faces potential price hikes for manufactured goods due to significant disruptions in maritime transport, leaving over 600 vessels bound for the country stranded at sea.

• Over 600 vessels are currently stranded at sea, impacting the delivery of raw materials and export of finished products.
• Trade and Investments Cabinet Secretary Lee Kinyanjui is seeking solutions to mitigate the crisis.
• The situation is exacerbated by global turbulence, particularly in the sea close to Iran, and Kenya's reliance on imported fuel.

Saudi oil giant Saudi Aramco has warned of potentially catastrophic consequences for global oil markets due to ongoing disruptions affecting shipments through the Strait of Hormuz, just days before Kenya's fuel price review.

• Global crude inventories are at a five-year low, risking accelerated depletion if disruptions continue.
• Key entities involved include Saudi Aramco, the Energy and Petroleum Regulatory Authority (EPRA), and Kenya's government fuel suppliers.
• The Strait of Hormuz handles approximately 20 per cent of global oil shipments daily, and escalating tensions in the Middle East threaten this vital corridor.