President William Ruto has spoken out on the looming fuel shortage in Kenya, issuing a stern warning to oil marketers amid growing concerns about potential disruptions. The President addressed the matter on Thursday, March 26, at Statehouse, responding to questions about the government's strategy as energy sector stakeholders prepare for the possibility of shortages.
Ruto pointed to disruptions at the Strait of Hormuz, a vital route for global energy trade and the focal point of ongoing tensions in the Middle East, as the primary reason for the anticipated fuel shortage. He acknowledged that the crisis in the region could have far-reaching effects on Kenya’s economy, especially as the country heavily depends on these supply chains for both fuel and key exports, including flowers, tea, and coffee.
“The Middle East crisis is going to challenge our economies in terms of fuel and commodity supplies. The logistics disruptions and changes in routes are a real concern,” Ruto stated.
In a forceful message to oil marketers, Ruto made it clear that the government would not tolerate any attempts to create artificial fuel shortages to inflate prices. “We have made it clear to oil marketers and storage operators that Kenya will not entertain any artificial shortages designed to benefit profiteers,” he warned.
He reiterated that his administration is closely monitoring all licensed oil marketers, and any company found violating its license terms will face tough consequences. This is part of the government's ongoing efforts to protect consumers from exploitation.
To mitigate the impact of the Middle East crisis, Ruto revealed that he had tasked the Ministry of Petroleum and Energy with exploring alternative oil sources and engaging existing suppliers to reduce Kenya’s dependence on the Middle East.
“We are working closely with our suppliers and exploring alternative sources to ensure that we minimize the impact of these global disruptions on our fuel supply,” he stated.
Ruto’s warning comes at a time when several regional airlines have informed customers that airfares will rise starting April 1, as some fuel stations have already suspended the sale of petroleum products. As the government continues to monitor the situation, it is clear that President Ruto’s administration is taking decisive steps to shield consumers from the ripple effects of this global crisis.