NAIROBI, Kenya — The government has directed oil marketing companies to immediately release any hoarded petroleum products, warning that such practices will attract strict regulatory and legal action.
Energy and Petroleum Cabinet Secretary Opiyo Wandayi said the country has sufficient fuel reserves and dismissed fears of a looming shortage, urging Kenyans to remain calm and avoid panic buying.
Speaking during a press briefing on Wednesday, Wandayi accused some oil marketers and retailers of deliberately withholding fuel supplies in anticipation of future price increases, terming the practice exploitative and a violation of licensing conditions.
“We have noted with grave concern that some retailers are hoarding products with the intention of selling at higher prices. This is unacceptable, and we will take firm action against those found in violation,” he said.
The CS emphasized that all licensed marketers must maintain a steady supply of petroleum products and strictly adhere to prices set by the Energy and Petroleum Regulatory Authority (EPRA).
He warned that non-compliance could result in sanctions, including suspension or revocation of operating licences.
Wandayi further assured the public that there are no immediate plans to review pump prices, reiterating that the government is closely monitoring the situation to ensure stability in the energy sector.
“On the matter of pricing, we shall address it when the time comes. For now, I urge Kenyans not to engage in panic buying. We have adequate stocks, and the government will ensure continued supply,” he added.
The Ministry of Energy also confirmed that government-to-government fuel supply agreements remain intact, noting that key international suppliers, including Saudi Aramco, Abu Dhabi National Oil Company, and Emirates National Oil Company, have not signalled any disruptions.
The developments come amid heightened public concern over a possible fuel shortage, which has in the past triggered panic buying and artificial scarcity.
Regionally, Uganda has issued similar reassurances.
Energy Minister Ruth Nankabirwa Ssentamu said there is no justification for fuel price increases, warning oil companies against exploiting the situation.
Uganda, which relies heavily on imports through the port of Mombasa, currently holds stocks sufficient to last at least 21 days.
The government’s directive signals a firm stance against market manipulation and aims to stabilise fuel supply as demand remains high, with authorities warning that enforcement measures will be intensified to protect consumers and maintain market integrity.
