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Kenya to retain monthly fuel subsidy


Kenya to retain monthly fuel subsidy
Summary
The scheme is meant to be activated whenever global oil prices go beyond the $50 (Sh5, 486) per barrel mark.
The subsidy is drawn from billions of shillings raised from fuel consumers through the petroleum development levy.
Friday July 30 2021
By JOHN MUTUA
Summary
The scheme is meant to be activated whenever global oil prices go beyond the $50 (Sh5, 486) per barrel mark.
The subsidy is drawn from billions of shillings raised from fuel consumers through the petroleum development levy.
Motorists will be spared the pain of rising crude oil costs after the State opted to retain subsidies on fuel prices to defuse outrage by Kenyans already squeezed by the high cost of living. ....

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