Three oil majors loosen grip on Kenya petroleum market

DNFuel1412vr

An attendant fuels a car at a Rubis petrol station in Nairobi. FILE PHOTO | NMG

The three oil majors recorded a slight decline in their combined share of the local fuel market, bucking a trend where they have been deepening their control and squeezing small dealers.

Industry data from the Energy and Petroleum Regulatory Authority (Epra) shows that the combined market share of Vivo Energy, TotalEnergies Marketing and Rubis controlled half of the sector as of December, a drop of 1.04 percentage points six months earlier.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.