நுகர்வோர் கூட்டமைப்பு ஆஃப் கேந்ய News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Kenya on track to commercialize GM maize by 2022 to increase yields, cut pesticide use
geneticliteracyproject.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from geneticliteracyproject.org Daily Mail and Mail on Sunday newspapers.
State dilemma deepens on global oil price rally
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Billions Feared Lost After Petroleum Ministry s Secret Meeting
Kenyan Currency notes.
File
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.
Reports alleged that the multi-billion fuel levy was opened, months after the ministry stated that there were no laid down laws and regulations to commence with the program. The ministry also failed to explain how the funds will be administered and how it had been used.
Motorists, for over a year, have been contributing Ksh5.04 per litre from 40 cents towards the fund which was set up to cushion them from fuel price hikes.
Kenya Said to Plan Compensating Fuel Retailers to Control Prices
Bloomberg 2 hrs ago David Herbling
(Bloomberg) Kenya is considering a plan to reimburse fuel retailers after slashing their margins in an attempt to control energy prices despite an increase in crude, according to people with knowledge of the matter.
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The compensation mechanism is still being worked out and a final decision is yet to be made, the two people said, asking not to be identified as the proposal isn’t public yet. They didn’t say how much in payment was under consideration.
The Energy and Petroleum Regulatory Authority, which reviews fuel costs monthly, kept prices unchanged at a 31-month high this week even though the landed cost of gasoline increased by 9.3%. Instead, the regulator cut margins by a third to 7.95 shillings ($0.07) per liter of gasoline from the 12.39 shillings that’s usually treated as fixed rate in the pricing formula.
Unscrupulous fuel retailers could take advantage of lower cost of kerosene to boost volumes
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