Summary
- Olekina claims fuel prices are being manipulated despite oversupply
- Accuses EPRA and oil firms of keeping prices artificially high
- Demands government explanation amid rising public pressure
NAIROBI, Kenya- Narok Senator Ledama Olekina has accused the government and regulators of manipulating fuel prices, claiming the country has a surplus supply that should be lowering costs.
In a direct challenge to William Ruto, the senator questioned the role of Energy and Petroleum Regulatory Authority, alleging collusion with oil marketing companies.
Why Olekina says fuel oversupply should lower prices
Olekina argued that Kenya’s fuel imports under the Government-to-Government (G2G) deal exceed current demand.
He stated that monthly demand for Premium Motor Spirit stands at about 180,000 metric tonnes.
However, he revealed that 36,000 metric tonnes have already been offloaded, with an additional 180,000 metric tonnes expected within weeks.
The shipments—via vessels Valory Roma, MT Banias, and MT Sinthia—were reportedly sourced from Europe and the United States at relatively low cost.
Rising pump prices spark fresh controversy
Despite the claimed surplus, recent price adjustments by EPRA have seen petrol and diesel costs surge sharply.
Olekina says this trend defies basic market principles, where increased supply and lower costs should ease prices.
Instead, he argues, the increases point to “systemic manipulation” rather than genuine cost adjustments.
The claims come amid growing public frustration over the rising cost of living.
Pressure mounts on government over G2G fuel deal
The allegations are expected to intensify scrutiny on the Ministry of Energy and EPRA.
Olekina is now demanding a clear explanation on how fuel prices are determined, insisting Kenyans deserve transparency.
The controversy adds to the already heated debate around the G2G fuel import framework and its impact on the economy.
With fuel prices affecting transport, food costs, and inflation, the issue remains politically sensitive as pressure builds on the government to respond.
