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.
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