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Rubis reaps from fuel supply crisis
Fuel prices at a petrol station in Nyeri town on September 15, 2022 hours after Energy and Petroleum Regulatory Authority reviewed the rates. PHOTO | JOSEPH KANYI | NMG
Rubis Energy Kenya has disclosed that the fuel supply hitches earlier this year, which forced the closure of small independent players helped to boost its sales by 65 percent in the six months to June, revealing the gain that large marketers who could access the product enjoyed in the period.
Its French parent Rubis Energie, while not disclosing the specific volume of sales for Kenya, said the higher share of the local market in the period helped to boost the turnover in its African markets by 53.4 percent to Sh139.07 billion (1.195 billion euros).