NOC fails to lower pump prices

October 1, 2008

, NAIROBI, October 1 – The Government-run National Oil Company (NOC) is yet to lower its pump prices, despite an announcement from the company Tuesday that the dealer would cut its prices by Sh5 per litre.

A spot check by Capital News on Wednesday afternoon showed that the petrol stations were retailing fuel above Sh103 per litre.

On Tuesday night the oil firm had issued a statement announcing that its premium oil would now retail at between Sh96.50 and Sh98.90 per litre.

“Pump stations in Nairobi’s Embakasi, Ngara, Park Road, Nairobi West and Times Tower would retail at Sh96.90, Sh97, Sh96.90, Sh98 and Sh98.90 respectively.

Outside Nairobi, the NOC stations’ pump prices would be Sh96.50 in Mombasa, and Sh98.90 in Western Kenya and Nakuru,” the statement read in part.

However motorists who went to fuel at various NOC stations, Wednesday were shocked to find that the prices remained the same.

“I drove past a number of stations just to come and fuel at NOC, and was shocked to discover that prices had not changed to what the media had been announcing,” an agitated motorist told Capital News.

When approached for comment a dealer in one of the stations claimed to be too busy to have time to talk to the Capital News crew.

According to National Oil Corporation Management “the reduction in price was as a result of acquisition of supply at a cheap rate in the month of September a benefit which was being passed on to the consumer.”

However when reached for comment on the non-effected changes the NOC management was quick to point out that they were aware and had sent a team on the ground to correct the situation.

NOC’s announcement comes after a warning by Energy Minister Kiraitu Murungi that he would expose oil companies that were exploiting motorists through unnecessarily high oil prices.

His calls followed failure by oil companies to reduce their pump prices by Sh10 per litre, to mirror a dramatic fall in international crude costs.

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