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Ministry of Energy and Petroleum is making attempts to avert artificial shortages of petroleum products instigated by unscrupulous oil marketers with an eye on making a quick buck when price increases are imminent.
The biting fuel shortage experienced last week has been blamed on speculators hoarding products in the storage and pipeline system shared by all marketers and run by Kenya Pipeline Company. The hoarders had expected the Energy Regulatory Commission (ERC) to increase prices of diesel, super petrol and kerosene in its monthly price capping guide release Thursday.
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