Breaking News

Home Depot Names Craig Menear CEO, Frank Blake to Remain as Chairman
Tweet TWEET

Kenyan Government to Regulate Fuel Prices, Daily Nation Reports

Kenya plans to regulate the price of fuel from Dec. 15, capping the mark-up to 6 shillings ($0.07) per liter for wholesalers and 3 shillings per liter for retailers, the Daily Nation reported, citing a government gazette notice.

Kenya’s Energy Ministry will decide monthly whether the increase will remain at the same level or be adjusted, the Nairobi-based newspaper said. KenolKobil Ltd., a Kenyan fuel retailer, said a government-imposed price cap on fuel could lead to product shortages, according to the newspaper.

To contact the reporter on this story: Sarah McGregor in Nairobi at Smcgregor5@bloomberg.net

To contact the editor responsible for this story: Paul Richardson at pmrichardson@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.