EPRA Licenses Six New Oil Marketers


The Energy and Petroleum Regulatory Authority (EPRA) has granted licenses to six new oil marketing companies (OMCs) for the year ending June 2025, increasing the total number of registered firms to 146.

  As per EPRA’s 2024/25 Energy and Petroleum Sector Statistics Report, this number has risen from 140 OMCs recorded in the previous financial year. Licensed oil marketing firms are permitted to engage in the trade of automotive gas oil, premium motor spirit, and dual-purpose kerosene. The influx of new entrants follows a 6.94 percent increase in domestic demand for petroleum products, which has reached 5.8 million cubic metres, spurred by lower local and international prices alongside heightened economic activity. “Consumption of Liquefied Petroleum Gas (LPG) has also seen substantial growth, with a 15% increase from 360,594 metric tonnes in 2023 to 414,861 metric tonnes in 2024,” states EPRA’s report. “This positive trend is anticipated to persist with the implementation of the National LPG Growth Strategy, aimed at promoting LPG usage in public institutions, households, and among low-income communities.” Analysts observe that the recent fuel price stabilization measures introduced by EPRA have fostered a more predictable market environment, thereby encouraging additional companies to enter the sector.

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