Business Daily | by Edwin Okoth
Motorists are on course to enjoy a State subsidy on fuel after global crude cost rose above $50 per barrel, a level that allows diesel users to get rebates from the government.
The Ministry of Energy reckons that Kenyans will not bear costs of diesel prices above $50 a barrel in a subsidy scheme that excludes petrol.
The subsidy will be supported by billions of shillings raised from fuel consumers through the Petroleum Development Levy, which was increased to Sh5.40 a litre in July from Sh0.40, representing a 1,250 percent rise.
