CS Wandayi: Kenya rejected 60,000-tonne super petrol cargo
He said the petrol sourced by One Petroleum Ltd was outside the G2G framework...
✨ Key Highlights
Kenya has rejected a 60,000-tonne cargo of super petrol, preventing a potential Sh14/litre price increase for consumers. The rejection was ordered by Energy and Petroleum Cabinet Secretary Opiyo Wandayi.
- The rejected consignment was priced at Sh198,000 per metric tonne, significantly higher than the Sh140,000 per metric tonne under the government's G-to-G arrangement.
- The cargo was sourced by One Petroleum Ltd outside the established framework.
- CS Wandayi directed oil marketing firms not to pay the invoices for this shipment.
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Global oil prices experienced volatile trading following US President Donald Trump's strong threats to attack Iran's critical infrastructure if ships are not allowed to transit the Strait of Hormuz. Prices surged ahead of a crucial deadline set by Trump concerning Iran's opening of the Strait of Hormuz shipping route. In response, Kenya rejected a 60,000-tonne cargo of super petrol, preventing a potential Sh14/litre price increase for consumers, with the rejection ordered by Energy and Petroleum Cabinet Secretary Opiyo Wandayi.
