Ministry Warns of Price Hikes as Over 600 Ships Stuck at Sea
The development comes amid a crisis in the Middle East following Israel and the U.S.'s war with Iran entering its second week with more bombardment and retaliatory attacks...
✨ Key Highlights
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.
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CS Wandayi Calls for Emergency Meeting Amid Concerns of Fuel Shortage - March 2026
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. 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. 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. Kiharu MP 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.
