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Small oil marketers say new oil import deal will improve supply

Fuel pump

A fuel attendant holding a fuel pump at the filling station along Kimathi Street.  Small player in the oil market have backed the state to state oil import deal.


Photo credit:  Jeff Angote | Nation Media Group

 Small players in the oil marketing sector have supported plans by the government to import fuel directly from suppliers in producing countries, saying it will ensure steady supply of the commodity besides stabilising the demand of the dollar in the market.

The government signed an import deal two weeks ago with Saudi Aramco to supply Kenya with diesel and super for the next six months, while Abu Dhabi National Oil Company will deliver three cargoes of super petrol every month with imports set to begin on April 1. However, oil marketers have opposed the plan and gone to court seeking an order to block it.