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 |..
✨ Key Highlights
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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CS Wandayi Orders Oil Marketers to Release Hoarded Fuel - March 2026
Energy Cabinet Secretary Moses Wandayi has ordered oil marketers to immediately release fuel that is allegedly being hoarded and hidden from the market, as Kenya experiences a growing fuel shortage with petrol stations running dry across the country. This comes despite Wandayi's earlier assurances that sufficient stocks are available. The Petroleum Outlets Association of Kenya (POAK) has also urged the Energy and Petroleum Regulatory Authority (EPRA) to increase fuel prices to align with global markets and prevent impending shortages. The boss of financial giant BlackRock separately warned that oil prices hitting $150 a barrel would trigger a global recession, adding to concerns about energy costs.
