Sharp Daily
No Result
View All Result
Friday, October 24, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

Government launches nationwide crackdown on fuel price violations

Teresiah Ngio by Teresiah Ngio
October 18, 2024
in News
Reading Time: 1 min read

The Ministry of Energy and Petroleum has initiated a nationwide crackdown on fuel stations flouting government-regulated pump prices. This comes after several reports surfaced indicating that certain stations across Kenya are charging prices higher than those set by the Energy and Petroleum Regulatory Authority (EPRA). Cabinet Secretary Opiyo Wandayi raised concerns about the issue, affirming the government’s commitment to ensuring compliance.

The crackdown follows EPRA’s announcement on October 14, 2024, to lower fuel prices due to a drop in international fuel costs. In Nairobi, the new prices, effective from October 15, 2024, see Super Petrol retailing at KES 180.66, Diesel at KES 168.06, and Kerosene at KES 151.39. These prices will remain in effect until November 14, 2024, when EPRA is expected to review and announce new pricing adjustments.

Cabinet Secretary Wandayi emphasized the importance of adhering to EPRA’s regulations. “We urge all retail stations in Kenya to adhere strictly to the prices set by the Regulator,” he stated, underlining that any fuel retailer found in violation would face legal consequences. The Ministry is closely monitoring the situation to ensure full compliance and transparency across the country.

In addition to monitoring fuel retailers, the Ministry has called upon industries to pass on the benefits of reduced fuel prices to consumers.

RELATEDPOSTS

Government launches nationwide crackdown on alcohol manufacturers

March 19, 2024

EPRA announces fuel prices cut by KES 7 per litre

March 14, 2024

This initiative is aimed at easing the cost of living, especially at a time when fuel prices significantly influence the pricing of goods and services. “Consumers should not be burdened by higher fuel costs, especially when the government has acted to bring prices down,” said CS Wandayi.

To bolster public involvement in this effort, the Ministry encourages Kenyans to report any fuel stations found overcharging via EPRA’s hotline, operational during regular working hours. The crackdown, according to the Ministry, is intended to ensure a transparent and fair market that protects both consumers and investors from unfair pricing practices.

Previous Post

CBK announces financial sector-wide interoperable payment system

Next Post

Mbadi pushes for additional rate cuts to stimulate lending

Teresiah Ngio

Teresiah Ngio

Related Posts

News

Start Q4 strong with the Cytonn Money Market Fund

October 9, 2025
News

Kenya Q2’ 2025 GDP growth accelerates to 5.0%

October 3, 2025
News

Argentina’s crisis and Kenya’s lessons on political economy and market confidence

September 25, 2025
News

Kenya’s financial system remains stable but faces rising risks

September 25, 2025
News

Where do Kenyan stock returns come from? A napkin framework

September 19, 2025
News

September snapshot: CMMF yields 13.12% as month unfolds

September 5, 2025

LATEST STORIES

2024 cooperatives bill seeks to modernize governance and member protection

October 23, 2025

Coca-Cola HBC to acquire 75.0% of CCBA for USD 3.4bn by 2026

October 23, 2025

BDCs & Private Credit: Income, liquidity and risks (2025)

October 23, 2025

Kenya’s credit rating outlook 2025: Signs of improvement amid Debt challenges

October 23, 2025

Kenya 2025: Diaspora remittances drive growth

October 23, 2025

Compliance training is emerging as the cheapest form of risk control

October 22, 2025

CBK boosts gold reserves by 40.8% to strengthen Kenya’s financial stability

October 22, 2025

Kenya Re to gain bigger market share under new treasury regulations

October 22, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024