Billions Feared Lost After Petroleum Ministry's Secret Meeting - News Summed Up

Billions Feared Lost After Petroleum Ministry's Secret Meeting


Billions of shillings contributed by motorists towards the fuel levy fund were feared to be lost after the Ministry of Mining and Petroleum held a three-hour secret meeting in April 2021. The secret meeting came a day after the government released fuel prices on April 14, according to the Nation. The fuel prices remained unchanged from March 14 where Petrol retailed at Kshs.122.81, Diesel at Kshs.107.66 and Kerosene at Kshs.97.85 in Nairobi. In February 2021, the Energy Regulatory Commission (EPRA) explained that it would be difficult to cushion motorists as they faced legal setbacks with the fuel levy fund. The new regulations would give him authority to subsidise diesel prices and cushion motorists from sharp spikes in the cost of the product.


Source: Daily Nation May 09, 2021 07:52 UTC



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