NAIROBI, Kenya, Sept 29 – The Energy and Petroleum Regulatory Authority (EPRA) licensed six new oil marketing companies (OMCs) in the year ending June 2025, raising the total number of registered firms to 146.
According to EPRA’s 2024/25 Energy and Petroleum Sector Statistics Report, the figure rose from 140 OMCs recorded in the previous financial year.
Oil marketing firms are licensed to trade in automotive gas oil, premium motor spirit, and dual-purpose kerosene.
The entry of new players follows a 6.94 percent rise in domestic demand for petroleum products to 5.8 million cubic metres, driven by lower local and international prices as well as increased economic activity.
“Liquefied Petroleum Gas (LPG) consumption also grew significantly, rising 15% from 360,594 metric tonnes in 2023 to 414,861 metric tonnes in 2024,” EPRA’s report reads.
“This upward trend is expected to continue with the rollout of the National LPG Growth Strategy, which promotes LPG adoption in public institutions, households, and among low-income communities.”
Analysts note that recent fuel price stabilisation measures by EPRA have also created a more predictable environment, encouraging more companies to enter the market.
