133 Million Liters Of Super Petrol Will Be Released To The Local Market To Ease Fuel Crisis

By Lynnet Okumu / Published April 28, 2022 | 2:20 pm




KEY POINTS

The move came shortly after another looming fuel shortage due to continuous disagreements on the import costs between the oil marketers and the retailers, which was reported in various towns such as Eldoret, Busia, and Nairobi.


Fuel prices

KEY TAKEAWAYS


According to Juma, all pumpable petroleum stock within the Kenya Pipeline Company (KPC) system has been directed to adhere to the 60:40 local to transit ratio while supplying the product.


On Wednesday, March 27, 2022, the Ministry of Energy announced that the whole parcel of Super Petrol aboard the MT Campo Square vessel (133.509 million liters) will be dedicated to the local market to cater to the additional demand for fuel.

The move came shortly after another looming fuel shortage due to continuous disagreements on the import costs between the oil marketers and the retailers, which was reported in various towns such as Eldoret, Busia, and Nairobi.

Energy Cabinet Secretary Monica Juma further stated that the whole parcel of diesel aboard another vessel MT Elka Athina (104.748 million liters), expected to berth on May 12, will also be dedicated to the local market.

According to Juma, all pumpable petroleum stock within the Kenya Pipeline Company (KPC) system has been directed to adhere to the 60:40 local to transit ratio while supplying the product.

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She stated that the decision was reached following an emergency meeting with Oil Marketing Companies and representatives of Independent Petroleum dealers, which sought to establish the causative factors and agree on a way forward.

She further assured Kenyans that there will be a sufficient supply of fuel during the long weekend supported by a continuous steady operation of the KPC.

“The Ministry of Petroleum will continue its close surveillance of the supply chain to ensure the security of petroleum supply in the country. In this regard, we commend the position conveyed to the country by the Petroleum Outlets Association of Kenya (POAK) following our meeting and agreed way forward to avert any challenge,” she said.

Meanwhile, Petroleum Principal Secretary Andrew Kamau has also issued a warning to the Oil Marketing Companies such as Total Kenya, Vivo Energy (Shell), Rubis, Lake Oil, Oilcom Kenya, and Ola Energy, among others, excess transit supplies.

They now risk being blacklisted from the open tender system (OTS) used in the procurement of fuel imports by marketers.






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