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.
THE STANDARD
BUSINESS NEWS
Fuel pumps at a petrol station in Nairobi, February 18th, 2021 [Elvis Ogina, Standard]
RELATED VIDEOS
Share this story
Why MPs are culpable in the rising fuel costs
Members of Parliament exposed Kenyans to the high fuel taxation, yet they are now questioning the increased cost of fuel.
MOST READ
Billions in fuel fund idle as consumers pay high prices standardmedia.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from standardmedia.co.ke Daily Mail and Mail on Sunday newspapers.