Energy Cabinet Secretary Opiyo Wandayi has issued a stern warning to Oil Marketing Companies (OMCs), threatening to revoke their licenses if they engage in fuel hoarding.

• The CS cited reports of companies withholding fuel stocks in anticipation of price hikes due to global market volatility, particularly Middle East tensions, as a breach of their licensing obligations.
• This warning comes despite Kenya having adequate fuel reserves, with the Kenya Pipeline Company holding 102 million litres of petrol, 146 million litres of diesel, and 167 million litres of kerosene/Jet A-1.
• Wandayi emphasized that such hoarding is commercially opportunistic and against public interest, reminding OMCs of their duty to ensure continuous supply at prices set by the Energy and Petroleum Regulatory Authority (EPRA).