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State to have say on oil firms' exports to regional markets

The ministry will have to okay the quantity of fuel imports that are re-exported. [iStockphoto]

Oil marketing companies will now be required to seek approval from the government whenever re-exporting fuel to neighbouring countries.

The Petroleum ministry said it will have to okay the quantity of fuel imports that are re-exported in a bid to tame the oil firms’ preference for regional markets in the wake of the subsidy programme in Kenya that denies them upfront margins.

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