Home Business Fuel subsidy fund almost depleted, says Treasury

Fuel subsidy fund almost depleted, says Treasury

fuel prices, fuel subsidy, petroleum development levy
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Business Daily | by Edwin Mutai


The Treasury rejected a Sh5 billion request from the Petroleum Ministry to extend fuel subsidy beyond September, pushing petrol and diesel prices to a historic high.

Treasury Principal Julius Muia told Parliament that it could not honour the request for the subsidy due to lack of cash in the kitty that had…

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