In a statement the KPC acting Managing Director Flora Okoth says the company has enough stocks in their systems in Nairobi and other parts of the country for all products/FILE
In a statement the KPC acting Managing Director Flora Okoth says the company has enough stocks in their systems in Nairobi and other parts of the country for all products.
“On Thursday May 7th KPC released 1.6 million litres of super petrol to the market and it’s therefore not to blame for the fuel shortage, as per the stocks position on May 21, 2015 there were over 18 million litres of super petrol in Nairobi,” she said.
Okoth says over the last seven days, KPC released over 14 million litres of Super petrol to various oil marketing companies compared to an average daily consumption of two million litres.
She says about 101 million litres equivalent to 40 percent of the total loadable stocks for all grades had been in the KPC system for the last seven days comprising of 17 million litres of super petrol, 18 million litres of Diesel and 66 million litres of Kerosene.
“The top ten oil marketing companies held 76 million litres equivalent to 75 percent of the product aged above seven days and the rest was held by other oil marketing companies, “ Okoth added.
Meanwhile, Energy Regulatory Commission on Thursday afternoon set to announce new fuel prices amidst the fuel shortage.
Earlier, The Commission had 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.
