EPRA has stated that companies found hoarding petroleum products will face a minimum fine of Sh1 million or imprisonment of at least one year, or both. This warning underscores the seriousness of the regulatory body’s stance on maintaining market integrity and ensuring that consumers have access to fuel at fair prices.

Further, OMCs that are found to be selling fuel above the approved wholesale prices risk incurring fines of at least Sh10 million or facing jail terms of up to five years. EPRA’s enforcement actions will include prosecution and the revocation of operating licenses for non-compliant firms.

Some oil marketing companies have been reported to charge ex-depot prices that exceed the regulated caps, which constitutes a breach of the Petroleum Act. EPRA has indicated that this behavior is unacceptable and will not be tolerated.

According to EPRA, the country is currently well-stocked with fuel, with significant quantities available at various storage facilities. For instance, the Kipevu Oil Storage facility holds 29,648 cubic metres of super petrol, 37,291 cubic metres of diesel, and 60,977 cubic metres of jet fuel.

Kenya Pipeline Company operates a pipeline network spanning 1,342 kilometres and boasts a cumulative storage capacity of one billion litres. This infrastructure is crucial for ensuring a steady supply of fuel across the nation.

EPRA has reassured the public that there is sufficient fuel available in all terminals and depots, and that the products meet both national and international quality standards as prescribed by relevant certification bodies.

Despite these assurances, the situation remains tense as some companies are reportedly withholding supplies in anticipation of price changes, which EPRA categorizes as hoarding. This practice could lead to further regulatory scrutiny and enforcement actions.

As the situation develops, the regulatory authority’s commitment to maintaining fair pricing and availability of fuel will be closely monitored. Details remain unconfirmed regarding the full extent of compliance among oil marketing companies and the potential repercussions for those found in violation of the regulations.

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