, . NAIROBI, Kenya, May 11 – The Energy Regulatory Commission (ERC) has contested claims of shortage of super petrol in the country.
In a statement, the Commission says that the situation affects one oil marketing company which, in the recent past, has expanded its retail network leading to increased sales volumes.
The situation is expected to normalize in the next 24 hours.
“The Commission wishes to dispel speculation that the shortage is in any way connected to the petroleum pump price adjustment expected to be announced this week,” the statement read.
The Commission has cautioned all oil marketing companies that hoarding of petroleum products in anticipation of an economic gain is illegal and any company found culpable of such an activity risks cancellation of their operating license.
In the last ERC review the price of super petrol decreased by Sh0.11 a litre across the country for this month, while diesel was Sh1.28 higher. Kerosene increased by Sh1.46 per litre.
In Nairobi a litre of petrol is retailing at Sh89.35 a litre, diesel costs Sh77.48 a litre and kerosene is retailing at Sh57.21.