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Why oil marketers are now in love with price controls

Gapco Company Limited trucks waiting to collect rejected fuel from the Kenya Pipeline Company storage tanks (PHOTO: GOVEDI ASUTSA)

Oil marketers who were once opposed to the capping of petroleum prices are now reaping big from the economies of scale.

Petroleum Institute of East Africa (PIEA) Chairman Powell Maimba says the capping of oil prices saw the birth of the open tendering system (OTS) that has helped the sector.

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