ERC ‘error’ to cost you more in price of fuel - News Summed Up

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ERC ‘error’ to cost you more in price of fuel


According to industry insiders, the lower margins are one of the key reasons the oil marketers are not picking up new supplies. KIPEDA is a lobby for small oil marketers estimated to command at least half of the market share. A reversal could leave the marketers with fuel stocks priced at a higher rate. ALSO READ: Cheap fuel lures Kenyans to UgandaIn Nairobi, the fuel loaded at KPC’s Industrial Area depot dipped to 5.6 million litres on Monday, compared to seven million litres that oil marketers take everyday. The oil companies took 2.6 million litres from the depot on Monday compared with a daily average of 4.5 million litres.


Source: Standard Digital September 05, 2018 06:00 UTC



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