Cabinet Secretary for Energy and Petroleum of Kenya, Opiyo Wandayi, has clarified issues surrounding the Stabex and government-to-government (G-to-G) fuel procurement frameworks, assuring Kenyans that the arrangements remain stable and beneficial.
In a statement dated April 5, Opiyo Wandayi said that the G-to-G fuel deal has cushioned the country against immediate shocks linked to developments in the Gulf and continues to guarantee an adequate supply of petroleum.
“The G-to-G fuel procurement framework, which has cushioned Kenyans against immediate shocks arising from the situation in the Gulf, remains stable and resilient,” read part of the statement.
The cabinet secretary added that the government has sufficient petroleum stocks to meet current demand, ensuring an uninterrupted supply for both domestic and regional markets.
Opiyo Wandayi Says Stabex Role and G-to-G Remain Beneficial to Fuel Pricing
He stated that invoices showed fuel procured under the G-to-G was cheaper by KSh 43.4 per litre compared to other fuel cargo, highlighting the cost-saving advantage of the arrangement.
Also Read: Ruto Breaks Silence on Fuel Scandal, Gives Way Forward
Opiyo Wandayi explained that fuel supplied by Gulf Energy under the G-to-G deal was landed in Mombasa at KSh 140,111 per metric ton, compared to KSh 198,855 per metric ton for One Petroleum’s cargo.
He also highlighted that Stabex International is not among the oil marketing companies nominated by international oil firms under the G-to-G agreement.
Elsewhere, on the fuel crisis, Mudavadi has commended that under the leadership of President William Ruto, Kenya will have a steady supply of Fuel after facilitating the G2G convention.
“The flow and supply of fuel for Kenyans shall be steady, reliable, and at a fair price. Thank you for the foresight,” said Mudavadi.
Wandayi Assures Kenyans of Stable Fuel Supply Amid Energy Sector Changes
Opiyo Wandayi also assured Kenyans of a stable fuel supply despite recent disruptions in the petroleum sector, including the resignation of several senior officials in the Ministry of Energy and its agencies.
He highlighted that the situation is under control and that there are sufficient petroleum stocks to meet current demand.
Also Read: Fuel Crisis in Africa: How Top 10 Economies on the Continent are Coping with Middle East War
Opiyo also revealed that after concerns emerged over a fuel shipment under investigation, a second cargo with similar issues was stopped to safeguard public interest.
“We have taken note of recent developments within the petroleum sector, including the resignation by a number of senior officials in the Ministry of Energy and Petroleum and its agencies. The government wishes to assure the public that the situation is under control. When full information about the fuel shipment that is the subject of investigations emerged, we stopped the delivery of a second cargo under similar circumstances, thus protecting and securing public interest,” the statement read.
The Ministry reiterated its commitment to ensuring an uninterrupted supply of quality petroleum products for both Kenya and regional markets.
