Why Kenyans will face higher fuel prices next year

Energy and Petroleum CS Opiyo Wandayi appearing before the National Assembly Committee on Energy at the Parliament Building in Nairobi /ENOS TECHE

Kenyans should brace for a spike in fuel prices from July next year as the Energy and Petroleum Regulatory Authority rolls out the final phase of the Cost of Service for the Supply of Petroleum Products (COSSOP).

COSSOP, introduced in 2018, was designed to cushion Oil Marketing Companies (OMCs) by introducing profit margins between importers and retailers in gradual phases.