Dec. 7 (Bloomberg) -- 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 firstname.lastname@example.org