11 February 2013

Kenya: Costly Storage Won't Affect Fuel Price

The Energy Regulatory Commission has said the high oil storage charges by newly commissioned Vitol Tanks Terminal International Kenya will not be passed onto fuel consumers.

Director general Kaburu Mwirichia was responding to concerns by marketers that while the entrance of VTTI is welcome, its high cost of storage may push up storage cost. The marketers have called on VTTI to review its charges terming them to high compared to existing ones.

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