In an effort to keep the price of cooking gas from reaching an all-time high, the government would import 30% of it through Kenya’s National Oil Corporation.
The quota imposed by National Oil is intended to force cash-strapped private importers to cut the cost of liquefied petroleum gas (LPG) and, as a result, retail prices.
This comes after a review of legislation that provide the State Corporation 30 percent of cooking gas imports in order to carry out its job of influencing market prices.
The business, which was created to stabilize and influence fuel prices, has been compelled to mostly follow the dictates of a market dominated by private companies.
