Review fuel caps formula
By BUSINESS DAILY
Summary
The revelation that the Treasury compensated oil dealers Sh1.05 billion from the Petroleum Development Fund is worrying since its regulations are not ready.
The State promised to pay the marketers to keep fuel prices unchanged in the monthly review to stem possible outrage.
The revelation that the Treasury compensated oil dealers Sh1.05 billion from the Petroleum Development Fund is worrying since its regulations are not ready.
The State promised to pay the marketers to keep fuel prices unchanged in the monthly review to stem possible outrage.
While there is a need to cushion the public from exorbitant fuel prices without causing financial distress to marketers, the State cannot manipulate prices every time there is an increase in global prices.