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Petrol station operators win big in new fuel formula review

Shell petrol station on Nakuru-Eldoret Highway. [Harun Wathari, Standard]

Operators of petrol stations will be the biggest beneficiaries when a new method of determining the retail prices of fuel comes into use next month.

Under the new pricing guide, margins for players operating retail outlets in the industry will more than double. The new price capping formula seeks to address what is said to have been a pricing injustice perpetrated on the retail end of the industry for the last decade.

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