Kenya has ordered the exit of 60,000-tonne cargo of super petrol sourced by One Petroleum Ltd outside G2G framework. Energy and Petroleum Cabinet Secretary Opiyo Wandayi has also directed oil marketing firms not to pay the invoices they received.
It was turned away because the product would have resulted in a Sh14/litre price increase in the Kenyan market, he said.
“This consignment is priced at Sh198,000 per metric tonne, compared to Sh140,000 per metric tonne under the G-to-G arrangement, an increase of Sh58,000…which would result in an approximate rise of Sh14 per litre in pump prices on this consignment alone,” CS Wandayi said in a statement.
