KenolKobil cedes biggest market share in first quarter

A Kenol-Kobil petrol station. FILE PHOTO | NMG

Oil marketer KenolKobil #ticker:KENO suffered the deepest market share erosion in the first quarter of the year as Vivo Energy, the retailer of Shell-branded fuel products, extended its lead over rivals.

The Petroleum Institute of East Africa (PIEA) data indicates that KenolKobil’s share of volume sales narrowed to 9.9 per cent in the January-March trading window, from 13.2 per cent in a similar period last year.

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