The government has paid oil marketers Sh8 billion for stabilisation of pump prices in a move that will lift cash flows of the firms which have been grappling with delayed compensation.
The government is struggling to pay oil marketers for the high cuts on their margins to keep pump prices unchanged, making future the fuel subsidy scheme uncertain.
The National Oil Corporation of Kenya (Nock) is pushing for a Sh13 billion bailout from the National Treasury to pay bank loans and meet operating costs.