Petroleum Outlets Association responds to claims of fuel shortage
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Petroleum Outlets Association of Kenya (POAK) refuted claims that the country had run out of fuel stock amid reports of shortage
Petroleum Outlets Association of Kenya (POAK) refuted claims that the country had run out of fuel stock amid reports of shortage.
In a statement issued on Tuesday, March 7, the dealers attributed the shortage experienced in some parts of the country to artificial hoarding by a section of oil marketers.
The response by the Petroleum Outlets Association comes after reports emerged alleging a shortage of the product ahead of the review by Energy and Petroleum Regulatory Authority (EPRA) on Tuesday, March 14.
Motorists had claimed that several filling stations across Nairobi city had turned them away due to the lack of fuel.
“It’s an artificial problem. There are sufficient products in the country,” the Petroleum Outlets Association of Kenya stated.
“Is there a fuel shortage in Nairobi? Most major stations have no petrol,” Njiru West posted on Twitter.
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“Oil marketing companies playing cat-and-mouse games with motorists as fuel shortage bites. Price hikes expected or is this another subsidy war?” Richard Wanjohi also questioned the alleged shortage.
The fuel shortage is also attributed to the dollar shortage in the country.
Demand for forex has shot through the roof in recent months as importers seek more dollars to finance imports owing to higher global prices of fuel, food products, cooking oil, steel, and other imports.
Oil dealers, like other importers, rely on dollars to make payments for their shipments, and the parallel exchange rates from banks had exposed them to losses.
Despite the surge in dollar demand, in February, EPRA maintained the price of super petrol at Ksh177.3 per litre. The cost of diesel and kerosene was maintained at Ksh162 and Ksh145.95 per litre, respectively, at the pump.
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