Category: petrol
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Consultants advise wholesale petrol price cap
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Two private advisers have recommended that the government cap the margins enjoyed by wholesalers in Kenya’s fuel sector as part of a strategy to control stock shortages and rising consumer prices. UK-based Channel Consulting Ltd and Nairobi-based Current Technologies Ltd said the recommendation would address the high and unregulated margin…
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Petrol Stations Overcharge UK Drivers by £1.6bn in 2023, Says CMA
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Petrol stations have come under fire after overcharging UK motorists by £1.6bn last year, according to the Competition and Markets Authority. The regulator’s findings reveal that fuel margins – the difference between wholesale cost and pump price – have remained well above pre-pandemic levels. The Competition and Markets Authority said…
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Jaguar cuts petrol cars as it changes gear to an electric era
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Jaguar is set to stop producing all of its petrol-powered cars by the end of this year, marking a major shift towards an all-electric future. The British luxury carmaker will continue to produce just one internal combustion engine car, the F-Pace SUV, before switching to an all-electric range from next…
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How diesel consumers are subsidising petrol
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The Energy Regulatory Authority has maintained cross-subsidy on super petrol, bringing down prices of the commodity by a higher margin but depriving diesel consumers of deeper price cuts. Super petrol prices fell by Sh3 per liter to Sh189.84 as of midnight on Friday, driven by a combination of a cross-subsidy…