Oil dealers get Sh1bn for frozen fuel prices

fuel prices, fuel subsidy, petroleum development levy
[Image source: Pond 5]


Business Daily | by John Mutua


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…

Read more…

fuel prices, fuel subsidy, petroleum development levy


LEAVE A REPLY

Please enter your comment!
Please enter your name here