EDITORIAL: Energy CS Wandayi needs to come out and calm jittery market – the-star.co.ke


Unnecessary panic will only make the situation worse
Audio By Vocalize

The Iran-USA-Israeli war has disrupted trade routes, displaced thousands running from bombs and convulsed airline operations in large parts of the Gulf.
A large number of Kenyans working in parts of the Gulf have had to, unfortunately, be rescued and flown back to Nairobi as a result of the war.
Now the impact is on the verge of hitting home even harder because petrol stations seem to have decided to hoard or have truly run out of supplies.
Some city motorists have complained of being turned away at a number of fuel stations.
And if they are not told there is no fuel, they are told they can only buy so much fuel, meaning rationing has already kicked in.
Oil industry observers have already warned that the situation can only get worse.
When the war started at the end of February, Opiyo Wandayi, the energy minister, told Parliament that Kenya’s fuel reserves could keep the economy running up to the end of April, but with the bombs still exploding and Iran having blocked a vital route, the situation looks dire even post April.
Wandayi must provide a timely update that will calm the market and make petrol stations not drive motorists and transporters into unnecessary panic that could only get the situation worse.
QUOTE OF THE DAY: “Human blunders usually do more to shape history than human wickedness.” —English historian AJP Taylor was born on March 25, 1906

source