As fuel scarcity continues to plague various regions, the Competition Authority of Kenya (CAK) has issued a stern warning to Oil Marketing Companies (OMCs) against hoarding fuel to create artificial shortages.

“Fuel is an essential commodity that underpins economic activity and public welfare. Any deliberate attempt by suppliers, distributors, or retailers of fuel products to withhold supply from the market to create artificial scarcity, manipulate prices, or gain unfair commercial advantage is a prohibited practice under the Act,” said David Kemei, CAK Director-General.

The warning comes as reports flood in of fuel stations running dry, leaving motorists, public service vehicle operators, and bodaboda riders stranded.

Despite government assurances of sufficient stock to meet current demand, many towns across the country have reported fuel shortages since Monday.

“We will not hesitate to take action against any OMC found to be engaging in hoarding or any other anti-competitive practice,” Kemei warned.

He added that offenders may face a financial penalty of up to 10% of their preceding year’s gross annual turnover in Kenya.

Additionally, those found guilty may face imprisonment for up to five years or a fine of up to Ksh 10 million.

Official data indicates that the country currently has 166,595 litres of super petrol, 182,508 litres of diesel, and 82,434 litres of jet fuel in stock.

The CAK’s warning has come as a relief to many Kenyans who are struggling to access fuel.

As the situation continues to unfold, consumers are advised to report any instances of hoarding or price manipulation to the relevant authorities.