Brace for fresh round of fuel pump price hikes
THE STANDARD BUSINESS NEWS Kenyans could soon be hit by another round of fuel pump price hikes as the government reviews pricing of petroleum products. The Petroleum Ministry in new draft regulations has increased the cost components factored when computing the retail cost of diesel, super petrol and kerosene. In the proposed formula, motorists will incur new levies such as inventory financing costs, which are expected to help oil marketing companies access working capital. Other components include jetty handling costs, which are fees that will be passed on to entities that facilitate unload...
Source: standardmedia.co.ke