Oil marketers pushing for price hike in latest review

Kenyans could be bracing for a potential increase in fuel prices as major oil marketers push for a review of the country’s fuel pricing formula.

Oil marketers argue that the current system, unchanged since 2018, is outdated and does not reflect rising costs throughout the supply chain. This could lead to shortages if not addressed, they warn.

This comes as the Energy and Petroleum Regulatory Authority (Epra) starts reviewing a Cost of cost-of-service study (Cosop) submitted last week. The study will assess...