Kenyan oil marketers seek fuel pricing formula review as rising costs threaten shortages.

Kenyan oil marketers are calling for a review of the country's fuel pricing formula, which hasn't been updated since 2018, as rising costs threaten to cause shortages. The Energy and Petroleum Regulatory Authority is reviewing a study to assess the true cost of supplying fuel, which may lead to higher prices for consumers. The government also plans to reform the pricing mechanism, potentially phasing out subsidies to better align with budgetary resources.

November 10, 2024
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