Oil marketers are set to pocket higher gains after the energy sector regulator increased profit margins allowable on imported fuel products by 21 per cent following closure of the Kenya Petroleum Refineries Limited (KPRL). KPRL ceased operations in October, paving the way for imports of cheaper refined petroleum products that have allowed room for the latest margin increment effective January. Oil marketers previously enjoyed margins of Sh6 per litre at the wholesale level and Sh3 per litre on pump prices. The Energy Regulatory Commission (ERC) has, however, raised the profit allowance to Sh7 per litre for wholesale and 3.89 per litre for retail, leading to an overall 21 per cent rise in the margins.
Posted on: Mon, 28 Apr 2014 06:27:39 +0000
Trending Topics
Recently Viewed Topics
© 2015