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Saturday, June 15, 2024

Government sanctions oil marketers to release petroleum supplies

Government has directed oil marketers to release petroleum supply after a prolonged shortage of oil in the country.

This comes after the weekend meeting with the oil marketers in a bid to resolve the stalemet.

“Depot, and retail station operators are hereby cautioned that in accordance with Section 99(1)(k) and 99(1)(n) of the Petroleum Act 2019, it is an offense punishable by law to hoard petroleum or to sell above the published price,” EPRA said in a statement.  

Long ques have been witnessed in different petrol stations across the country by motorists scrambling for the oil that it’s price has also been hiked.

Oil marketers have presented  demands to the government, claiming that the government owes them Sh13 billion oil subsidy fund that has taken a long time since January.

The shortage of fuel in the country has affected the economy making price of commodities to go up.

The bid is expected to change the situation which will change the crisis that motorcyclist and drivers are in right now.

Shillah Magret
Shillah Magrethttps://lenyaxmedia.co.ke
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