Fuel shortage looms as oil firms cut on their stocks

Oil tankers parked on Naivasha Road in Industrial Area in Nairobi on Tuesday. Distributors have threatened to down their tools over new tax on fuel. [David Njaaga, Standard]

You could pay even more for fuel in a revised price formula that seeks to protect oil marketing companies.

This is because the Ministry of Petroleum has said the formula used to calculate the new charges that saw the retail prices rise to Sh128.7 in Nairobi and Sh140 in Mandera from Saturday was erroneous as the prices it came up with were lower than they should be.