A shortage of fuel hit numerous outlets on Monday with the dealers saying that they did not stock up adequately ahead of the monthly price review announced on Saturday, leaving the major oil companies with expensive products.
Anticipation of lower prices had started earlier when the Energy Regulatory Commission (ERC) forecast that the prices would drop by between Sh3.50 and Sh7 a litre with diesel and kerosene consumers expected to have been the key winners."Speculation by ERC has led to abnormal behaviour by consumers and dealers. They are distorting the market," said Kenya Shell country manager Jimmy Mugerwa.
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