Role of Government Economic Regulations on Petroleum Supply Chain Management
Journal of Business and Economic Development
Volume 2, Issue 2, May 2017, Pages: 131-139
Received: Dec. 9, 2016; Accepted: Jan. 3, 2017; Published: Feb. 9, 2017
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Authors
Jackson Ndolo Muthini, Supply Chain Management Candidate, Jomo Kenyatta University of Agriculture and Technology, Juja, Kenya
Namusonge G. S., Jomo Kenyatta University of Agriculture and Technology, Juja, Kenya
Wario Guyo, Jomo Kenyatta University of Agriculture and Technology, Juja, Kenya
Noor Ismail Shale, Jomo Kenyatta University of Agriculture and Technology, Juja, Kenya
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Abstract
The study sought to assess the role of government economic regulations on petroleum supply chain management by surveying oil marketing companies in Kenya. The researchers used mixed research design. A field survey was carried out while purposive sampling was used to select 180 respondents from thirsty six (36) oil marketing companies located in Nairobi city involved in importation and marketing of oil products in Kenya. Primary data was collected through a questionnaire. Data was quantitatively analyzed using statistical package for social scientists (SPSS) for descriptive statistics and inferential while Analysis of Moment Structure Software (AMOS) was used for structural equation modeling. The study findings indicate that there was a positive relationship (regression weight = 0.47) between government economic regulations and Petroleum Supply Chain Management. The researchers therefore recommend implementation of government economic regulations by OMCs and ERC to be proactive to ensure fully compliance. There is also need for participation of all stakeholders in the development of policies that will ensure sustainable petroleum supply chain management. It is expected that the study will be of great importance to the management of oil marketing companies, policy makers, suppliers, consumers and the government. These are major stakeholders in the petroleum downstream sector.
Keywords
Economic Regulations, Petroleum Supply Chain Management, Oligopolistic Market
To cite this article
Jackson Ndolo Muthini, Namusonge G. S., Wario Guyo, Noor Ismail Shale, Role of Government Economic Regulations on Petroleum Supply Chain Management, Journal of Business and Economic Development. Vol. 2, No. 2, 2017, pp. 131-139. doi: 10.11648/j.jbed.20170202.19
Copyright
Copyright © 2017 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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