Govt Bows to Pressure in Fuel Prices Row After Uproar kenyans.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kenyans.co.ke Daily Mail and Mail on Sunday newspapers.
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.
State dilemma deepens on global oil price rally businessdailyafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessdailyafrica.com Daily Mail and Mail on Sunday newspapers.
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.
Oil dealers get Sh1bn for frozen fuel prices
Tuesday May 25 2021
By JOHN MUTUA
Summary
Oil marketers got Sh1.075 billion from the Treasury as compensation for keeping fuel prices unchanged and defuse public outrage.
The Treasury gave the marketers about Sh880 million after the energy regulator opted to cut suppliers’ sales margin by up to 35 percent or Sh4.44 a litre to keep fuel prices unchanged.
Oil marketers got Sh1.075 billion from the Treasury as compensation for keeping fuel prices unchanged and defuse public outrage over a monthly review that would have pushed costs to a historic high.
The Treasury gave the marketers about Sh880 million after the energy regulator opted to cut suppliers’ sales margin by up to 35 percent or Sh4.44 a litre to keep fuel prices unchanged in the month to May 14.