Petrol dealers urge EPRA to raise prices to avert shortages

POAK chairperson Martin Chomba said failure to adjust prices could encourage hoarding by oil marketers anticipating higher future prices. Kenya breaking news | Kenya news today |..

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The Petroleum Outlets Association of Kenya (POAK) is urging the Energy and Petroleum Regulatory Authority (EPRA) to increase fuel prices to align with global markets and prevent impending shortages.

POAK Chairperson Martin Chomba warned that current pump prices, reflecting older shipments, do not account for recent global price spikes, potentially leading to hoarding by oil marketers.
The POAK, representing fuel dealers, highlighted delays in oil tanker docking at the Port of Mombasa, contributing to supply gaps and panic buying.
The Kenyan government maintains that fuel stocks are adequate, recently confirming the arrival of over 100 million litres of super petrol.

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