Fuel shortage: Dealers don’t supply you with a commodity because they love you

The problem with price controls is that we often fail to take advantage of windfalls. [Christopher Kipsang, Standard]

Last Friday evening, I drove into a petrol station on Limuru Road ready to fill up my car’s tank.

I was told I could only be allowed Sh1,000 worth of fuel. But why was petrol being rationed? The answer lies in simple economics; it’s a consequence of price controls.