News
CS Wandayi Convenes An Emergency Meeting With Oil Marketers Amid Fears Of Fuel Shortages in Kenya
The government on Monday had already moved to reassure Kenyans that the country holds sufficient petroleum stocks to cushion it against immediate supply disruptions linked to the unfolding crisis in the Middle East.
Nairobi, March 10 — Energy Cabinet Secretary Opiyo Wandayi has summoned oil marketers for an emergency meeting as the government races to contain fears of a potential fuel shortage triggered by escalating disruptions in global petroleum supply chains.
The urgent consultations come just hours after Wandayi held discussions with companies supplying fuel to Kenya under the government-to-government (G-2-G) petroleum import arrangement, which anchors the country’s fuel procurement system.
Speaking in Nairobi on Tuesday during the official listing of shares for Kenya Pipeline Company at the Nairobi Securities Exchange, the CS sought to calm mounting anxiety among consumers and transport operators who fear that the turmoil in global energy markets could spill over into local pump prices or supply disruptions.
Wandayi said Kenya remains in close contact with its key suppliers under the G-2-G framework, including Saudi Aramco, Abu Dhabi National Oil Company and Emirates National Oil Company, as part of contingency planning aimed at protecting the country’s fuel supply.
“We continue to engage very closely with our government-to-government suppliers in terms of contingency planning,” Wandayi said, adding that current stock levels remain stable.
“For that reason, there is really no cause for alarm. In the short to medium term we have security of supply and we continue to monitor the situation very closely,” he said.
The emergency meeting with oil marketing companies, scheduled for later Tuesday, is expected to review supply flows, stock levels and potential response measures should the international crisis deepen.
“From here I am going to a meeting with oil marketers to continue close review and monitoring of the situation,” Wandayi said.
The government on Monday had already moved to reassure Kenyans that the country holds sufficient petroleum stocks to cushion it against immediate supply disruptions linked to the unfolding crisis in the Middle East.
According to Wandayi, Kenya has secured scheduled petroleum imports through to the end of April 2026, a move designed to guarantee stable supply even as geopolitical tensions rattle global oil markets.
“Kenya has sufficient petroleum products to cover both the country and the region in the wake of the crisis in the Middle East,” he said.
Kenya relies almost entirely on imported refined petroleum products, leaving the economy exposed to external shocks whenever geopolitical conflicts disrupt supply chains or trigger price spikes.
The current turmoil follows a wave of military escalation in the Gulf region, where coordinated airstrikes by the United States and Israel on Iran — and Tehran’s retaliatory missile attacks — have shaken energy markets and threatened exports from one of the world’s most critical oil-producing corridors.
Energy analysts warn that prolonged disruption could tighten global supply and drive up prices, a scenario that would quickly filter through to import-dependent economies such as Kenya.
For now, officials insist the country’s forward-contracting strategy and the G-2-G supply arrangement are providing a buffer against immediate shortages, even as authorities intensify monitoring of the volatile global oil market.
Kenya Insights allows guest blogging, if you want to be published on Kenya’s most authoritative and accurate blog, have an expose, news TIPS, story angles, human interest stories, drop us an email on [email protected] or via Telegram
-
Business5 days agoTHE HANDSHAKE THAT BECAME A NOOSE: How Tuju’s Alleged Intimate Access to EADB’s Yeda Apopo Produced a Sh294 Million Deal With No Written Contract, and Why That Trust Destroyed an Empire
-
News4 days agoMen Linked to Akasha Drug Dynasty Charged With Death Threats and Assault at Nairobi Nightclub
-
Investigations2 weeks agoTHE RUTO HAND IN TUJU’S FALL: How a President-Linked Petroleum Baron Walked Away With Sh3.5 Billion Karen Land for Sh450 Million
-
News4 days agoCity Lawyer Kimani Wachira Caught Up In Bribery Web Fights Claims
-
Business1 week agoBig Shame: EY and PwC Found Guilty of Fraud and Corruption in Kenya as World Bank Bans Lay Bare Scandal Inside the Global Audit Elite
-
News2 weeks agoDARFUR SULTAN CAUGHT ON TAPE: War-Linked Figure Runs Red Lights in Nairobi With Impunity
-
Investigations1 week agoIs Equity Bank Becoming A Fraudsters’ Den?
-
Business2 weeks agoHow EADB Threw Tuju Under The Bus
