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Kenyan Government to Regulate Fuel Prices, Daily Nation Reports

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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 pmrichardson@bloomberg.net

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