Consultants advise wholesale petrol price cap

An attendant fills a tank for a motorist with fuel at a petrol station in Nyeri town on January 14, 2024.

Photo credit: File | Nation Media Group

Two private consultants have recommended that the government sets a ceiling on margins enjoyed by wholesalers in the fuel business in Kenya as part of a strategy to tame stockouts and run-away consumer prices.

UK-based Channoil Consulting Ltd and Nairobi-based Kurrent Technologies Ltd said the recommendation would address the high and unregulated margin by petroleum wholesalers which outpriced last-mile retailers resulting in periodic stockouts of petroleum products in far-flung areas.

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