CAK warns oil marketers over hoarding amid fuel shortages

The regulator said it is closely monitoring the sector following reports of selective supply and artificial scarcity, with motorists in towns such as Nairobi and Eldoret facing long queues and dry pumps despite assurances of adequate national stocks. Kenya breaking news | Kenya n..

✨ Key Highlights

The Competition Authority of Kenya has issued a stern warning to oil marketing companies against hoarding and anti-competitive practices amidst ongoing fuel shortages across the country.

The CAK is monitoring the fuel sector for selective supply and artificial scarcity, threatening stiff penalties including up to 10 percent of a company's gross annual turnover or up to five years in jail.
Key organizations involved are the Competition Authority of Kenya (CAK) and the Energy and Petroleum Regulatory Authority (EPRA).
Despite assurances of adequate national stocks from the Kenya Pipeline Company, motorists in areas like Nairobi and Eldoret are facing long queues and dry pumps, with retailers suspected of withholding fuel for higher margins.

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