The Energy Regulatory Commission (ERC) has cancelled the license of the Kenya Independent Petroleum Distributors Association (KIPEDA) accusing them of intimidating other distributors.
They were further accused of allegedly being behind the boycott that has led to the artificial shortage of fuel. The ERC said that KIPEDA’s actions resulted to economic sabotage.
In a statement, the ERC said that KIPEDA Holdings Limited is no longer licensed to import or export petroleum products.
The Commission has grounds to believe that the strike is spearheaded by KIPEDA HOLDINGS LIMITED, a body corporate licensed by the Commission to carry out Import, Export and Wholesale of Petroleum Products (Except LPG). The Commission therefore wishes to inform members of the public that the action by KIPEDA Holdings Limited amounts to economic sabotage and hereby cancels the licence of the said licensee pursuant to Section 85 of the Energy Act No. 12 of 2006, Read the statement.
Kipeda Holdings Ltd is an oil supply and marketing private limited company headquartered in Nairobi-Kenya at Lunga Lunga Square along the Lunga Lunga Road-Industrial Area with branches in Mombasa, Kisumu, and Nakuru. The Energy Regulatory body further warned members of the public that Kipeda Holdings Limited is therefore no longer licensed to carry out import, export, and wholesale of petroleum products.