EPRA Lists Top 10 Petroleum Companies in Kenya by Sales Volume & Market Share

The Energy and Petroleum Regulatory Authority (EPRA) has revealed the top ten oil marketing companies (OMCs) in Kenya.

In its statistics report for the financial year ending June 30, 2024, EPRA ranked these companies based on their local sales volume for imported products, measured in cubic meters, along with their market shares.

The regulatory authority also noted that the country is home to 140 oil marketing companies.

These companies market petroleum products, Diesel, Petrol and Dual-Purpose Kerosene.

EPRA noted that fuel prices in Kenya are determined by factors such as landed costs, distribution costs, taxes and levies, demurrage costs and margins accrued by OMCs.

EPRA Lists Top 1O Petroleum Marketing Companies

The latest market report shows Vivo Energy Kenya Limited dominating the Oil Marketing Companies sector with a 22.24% market share having recorded 1.2 million cubic meters (m³) in local sales of imported products as of June 2023.

Rubis Energy Kenya Plc follows closely behind at second, with a sales volume of 850,194.85 m³, accounting for 15.56%.

Total Energies Marketing Kenya Plc ranks third, boasting 822,808.79 m³ and a 15.06% share.

Ola Energy Kenya Limited takes fourth place with 5.93% having sold which sold 324,154.00 m³.

Also Read: EPRA Reduces Fuel Prices for October & November

Be Energy Limited ranks fifth among the top oil marketing companies in Kenya, reporting a local sales volume of 241,791.22 m³, which accounts for 4.43% of the market share.

Following closely at sixth is Galana Energies Limited, with a sales volume of 147,921.27 m³, representing 2.71% of the market.

Stabex International Ltd comes in next (seventh), posting a sales volume of 130,792.21 m³ and accounting for 2.39% of the market share.

Oryx Energies Kenya Limited also makes its presence felt, with 127,531.40 m³ in sales, which corresponds to 2.33% of the total market.

Lake Oil Limited and Tosha Petroleum (Kenya) Limited both hold 2.17% of the market, with sales volumes of 118,569.99 m³ and 118,503.00 m³ respectively.

Additionally, Petro Oil Kenya Limited, Hass Petroleum Kenya Limited, round up the list of notable companies.

Petro Oil Kenya Limited achieved a local sales volume of 112,218.00 m³, translating to 2.05% of the market share while Hass Petroleum Kenya Limited records a sales volume of 108,725.00 m³, which corresponds to 1.99% of the total market.

Also Read: EPRA Shuts Down 17 Petrol Stations Selling Substandard Fuel [LIST]

A Trend of Petroleum Demand

The Herfindahl-Hirschman Index (HHI) for the downstream petroleum subsector rose to 0.1079, up from last year’s figure of 0.1037.

During the review period, the supply of petroleum products totaling 9,059,597.15 cubic meters were imported, representing a 2.10% decline from the previous year.

Additionally, domestic demand for petroleum consumption dropped by 2.1%, from 5,576,147.01 m³ to 5,460,436.82 m³ compared to the previous financial year.

This decrease was attributed to a reduction in domestic demand.

Overall, the total volume of all export products and domestic kerosene marked across all loading facilities increased by 11.7%, rising to 3,609,915,872 liters compared to 3,230,659,914 liters marked in the previous financial year.

Of this, export/duty-free motor fuels accounted for 3,561,548,557 liters (98.7%), while domestic kerosene accounted for 48,367,315 liters (1.3.%). 

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