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CS Wandayi Orders Oil Marketers to Release Hoarded Fuel
Energy Cabinet Secretary Moses Wandayi has ordered oil marketers to immediately release fuel that is allegedly being hoarded and hidden from the market, as Kenya experiences a growing fuel shortage with petrol stations running dry across the country. This comes despite Wandayi's earlier assurances that sufficient stocks are available. The Petroleum Outlets Association of Kenya (POAK) has also urged the Energy and Petroleum Regulatory Authority (EPRA) to increase fuel prices to align with global markets and prevent impending shortages. The boss of financial giant BlackRock separately warned that oil prices hitting $150 a barrel would trigger a global recession, adding to concerns about energy costs.
Four in 10 Kenyans Borrow to Meet Daily Expenses
A new report reveals that approximately 40 percent of Kenyans are resorting to borrowing to cover their daily living expenses, highlighting significant financial strain on households. Meanwhile, Kakuzi Plc has doubled its dividend payout to Sh16 per share after achieving a significant profit rebound of Sh387.5 million for the 2025 financial year. Additionally, demand for liquefied petroleum gas (LPG) in Kenya experienced a significant surge, increasing by 14.6 percent to 251,425 metric tonnes in the latter half of 2025, attributed to the government's intensified promotion of clean energy and a consumer shift towards more affordable household fuel options.
