Kenyan Business Feed
KBF

Energy regulator warns retailers against raising cost of fuel above recommended prices ▷ Kenya News


Energy and Petroleum Regulatory Authority (EPRA) has issued a stern warning to retailers notorious for hiking cost of fuel beyond the prices approved by the regulator.

The authority called on members of the public to stay vigilant and report anyone retailing petroleum products above the recommended maximum prices.

READ ALSO: Cost of living expected to soar following hike in fuel prices in Kenya

Energy regulator tells retailers not to raise cost of fuel above recommended new prices

EPRA headed by Robert Pavel Oimeke on May 15 warned retailing fuel above maximum prices set by regulator could earn you not less than one year in prison or KSh10M fine or both. Photo: Nation.
Source: UGC

READ ALSO: Kirinyaga: Serikali yakataza wagonjwa kulazwa katika hospitali mbovu ya Kerugoya

In a thread of tweets posted on Wednesday, May 15, the regulator warned those found selling the product above the recommended prices would risk an imprisonment term of not less than a year.

“Persons capable of retailing petroleum products above the maximum prices set by EPRA could also face an imprisonment term of not less than one year.

We urge consumers to be vigilant in reporting retailers selling petroleum products above the maximum levels the nearest authorities or to EPRA through 0708 444 000,” the authority tweeted.

READ ALSO: Petrol, kerosene prices soar in latest review by energy regulator

According to the EPRA, Petroleum Act 2019 introduced stiffer penalties for persons convicted of retailing petroleum products above the maximum levels.

“One will now be liable to a fine of not less than KSh 10 million. Previously under the Energy Act 2006, the fine was up to 1 million,” the authority stated.

READ ALSO: ERC revokes license of independent oil importers leading fuel boycott over new tax

The regulator on Tuesday increased the prices of petrol, diesel and kerosene by KSh 5.43, KSh 2.24 and KSh 2.40 per litre respectively.

Super petrol now retails at KSh 112.03, diesel KSh 104.37 and kerosene KSh 104.62 per litre in Nairobi as per the regulator’s May 2019 price review.

The pump prices have risen steadily in the past three months during which the cost of kerosene has increased by KSh 7.63, diesel KSh 8.31 and super petrol KSh 8.31 per litre.

Do you have a life-changing story you would like us to publish? Please reach us through news@tuko.co.ke or WhatsApp: 0732482690 and Telegram: Tuko news.

VOX POP: Describe your EX using one Kenyan food – On Tuko TV

Source: Tuko.co.ke





Source link

Related posts

Kakamega Senator Cleophas Malala arrested over Matungu killings

kbf

Tropikal Brands enters porridge flour market

kbf

County Governors oppose calls to centralize Health function

kbf