The Competition Authority of Kenya (CAK) is warning fuel companies against hoarding and price manipulation, threatening hefty penalties for those found engaging in such practices.

• Petrol companies risk fines of up to Ksh10 million or 10 per cent of annual turnover for hoarding fuel and creating artificial scarcity.
• The CAK issued the warning amid reports of fuel shortages across the country, despite government assurances of sufficient stocks.
• The authority cited preliminary investigations suggesting some oil marketers are withholding fuel in anticipation of price increases, impacting consumers with long queues and limited sales.