List Of 20 Biggest Sellers Of Petroleum Products, Oil Marketing Companies In Kenya

• The Energy and Petroleum Regulatory Authority (EPRA) unveiled the statistics for the first half of the fiscal year 2023/24, revealing a 3.01% decrease in domestic petroleum product demand
• In Kenya, there are 136 registered OMCs (Oil Marketing Companies), each engaged in selling petroleum products, including AGO, kerosene, jet fuel, lubricants, and LPG
• The top three OMCs in Kenya, namely Vivo Energy Kenya Limited, TotalEnergies Marketing Kenya Plc, and Rubis Energy Kenya Plc, jointly hold a commanding 50% share of the market

Elijah Ntongai, a journalist at TUKO.co.ke, has more than three years of financial, business, and technology research expertise, providing insights into Kenyan and global trends.

Nairobi - The Energy and Petroleum Regulatory Authority (EPRA) has released the energy sector statistics for the half year in the financial year 2023/24.

According to the report the overall domestic demand for petroleum products declined by 3.01% to 2,717,699.16 m3 compared to a corresponding period in 2022.

Competition in the petroleum sector in Kenya

In Kenya, fuel prices are influenced by various factors, including landed costs, distribution costs, taxes, levies, demurrage costs, and margins earned by Oil Marketing Companies (OMCs).

OMCs are those that sell petroleum products in Kenya, including AGO (Automotive Gas Oil, or AGO, is the name given to fuel intended for use in road vehicles (trucks, buses, vans and cars) powered by diesel engines) kerosine jet fuel lubricants and LPG.

As of December 2023, EPRA recorded 136 registered OMCs.

List of OMCs with largest market share

The three leading companies on the list, Vivo Energy Kenya Limited, TotalEnergies Marketing Kenya Plc, and Rubis Energy Kenya Plc, jointly account for 50% of the Kenyan petroleum market.

In Kenya, Shell products and services are provided by Vivo Energy, which also markets the AfriGas LPG brand.

Their large market share could be attributable to a variety of factors, including broad distribution networks, brand recognition, efficient supply chain management, and potentially competitive pricing strategies.

The table below shows the top 20 OMCs in Kenya based on data collected by EPRA.

Regions with highest and lowest electricity consumption

In other related news on the energy sector in Kenya, the EPRA 2023-2024 report revealed that Nairobi, the coast and Rift Valley have the highest consumption of electricity.

KenGen continues to dominate the energy market with a 62.24% share; other notable power generators include Lake Turkana Wind Power (10.25%).

Over the past three months, the cost of electricity in Kenya has slightly decreased, attributed to the strengthening of the Kenyan shilling against the US dollar.

Proofreading by Jackson Otukho, a multimedia journalist and copy editor at TUKO.co.ke