In the May-June cycle, Epra restored the margins for super petrol even as the oil marketers still take a cut on diesel and kerosene. Epra has however declined to respond on the issues raised on its fuel pricing - including why it failed to fully restore oil marketers’ margins for diesel and kerosene. The chairman of Kenya Independent Petroleum Dealers Association (Kipeda) Joseph Karanja last week told the Financial Standard that it has become difficult to tell which aspects of the pricing formula are regulated. “When the cap on wholesale prices was removed, everybody adjusted their prices upwards. He said the proposed regulations on fuel pricing, which are expected to replace the current 2010 rules that are currently in use, also fail to capture consumer concerns.

Source: Standard Digital May 31, 2021 17:34 UTC