President William Ruto's administration has renewed its agreement with three Gulf companies to continue importing fuel on credit for the next two years under the Government-to-Government (G-to-G) oil deal.
According to Bloomberg, the Energy and Petroleum Regulatory Authority (EPRA) Director General, Daniel Kiptoo, said that the three companies would continue supplying petrol, diesel, kerosene, and jet fuel under a 180-day credit plan.
However, Kiptoo disclosed that Kenya would activate the agreement toward the end of the year once the country completes importing the remaining oil consignment secured under the previous agreement.
He clarified that the delay in shipping the remaining oil consignment into the country was due to Uganda's decision to source its fuel directly after abandoning its previous deal with Kenya.
