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Originally published by Capital Newstop
April 8, 2026
10h ago
Oil Firms on Notice as EPRA Flags Hoarding, Illegal Pricing
Acting Director General Joseph Oketch said preliminary investigations indicate that certain companies are restricting sales to non-franchised outlets, commonly referred to as independents, a move the regulator termed unlawful. - Kenya breaking news | Kenya news today | Capitalfm...
✨ Key Highlights
The Energy and Petroleum Regulatory Authority (EPRA) has issued a stern warning to oil marketing companies (OMCs) regarding alleged hoarding of petroleum products and illegal pricing, warning of significant penalties including license revocation.
- EPRA refutes claims of a genuine fuel shortage, stating the country has sufficient petroleum stocks.
- Several OMCs are accused of withholding fuel from independent retailers and charging wholesale prices above prescribed caps.
- Penalties for hoarding include a minimum fine of Sh1 million or imprisonment, while illegal pricing can result in a fine of at least Sh10 million or imprisonment for at least five years, or both.
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