KPC reports 20 per cent growth on export promotional tariff

Business Daily Kenya:  A promotional tariff for exporters in April has spurred Kenya Pipeline Company (KPC) exports growth by 20 per cent. ...

Business Daily Kenya: 

Kenya Pipeline Company (KPC). Photo/File

A promotional tariff for exporters in April has spurred Kenya Pipeline Company (KPC) exports growth by 20 per cent.

The tariff of $41.55 (Sh4,238) per 1,000 litres on all transit products from the current 59.32 (Sh6,050) per 1,000 litres has reduced transport cost for oil marketers, and enhanced road safety while removing hundreds of trucks from roads.

The tariff which is applicable to marketers accessing oil at Kisumu and Eldoret depots could soon be made permanent according to KPC Managing Director, Joe Sang.

“The market has received the tariff well and our expectation is to grow our volumes by an additional 30 per cent before the end of the year. The company will be reviewing the tariff in the next few weeks with a view to determining if we can make it permanent,” he said.

A key investment geared towards increasing product availability in both Western Kenya and export market has been the commissioning of the Sinendet - Kisumu parallel pipeline (Line 6).

This 122km 10-inch diameter pipeline runs parallel to an existing 6-inch diameter pipeline from Sinendet to Kisumu (Line 3) which has enhanced petroleum product availability in the Western Kenya and the export market of Uganda, Eastern DRC, Rwanda, Burundi and Northern Tanzania.

The post KPC reports 20 per cent growth on export promotional tariff appeared first on Mediamax Network Limited.

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