Tuesday, August 9, 2022

Gov’t takes action against oil marketers hiking fuel prices

The government through the Ministry of Energy has undertaken stern action against oil marketers selling fuel above the monthly stipulated price.

Addressing the media on Thursday, Energy CS Monica confirmed that her Ministry has dispatched show cause letters to all oil marketers accused of hiking the prices following complains from motorists.

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She continued by assuring Kenyans that the country has adequate oil reserves ahead of oil price review in the next few hours.

The CS further confirmed that Kenyans would have been paying as high as Ksh 175 for every litre if the government did not step in to subsidize the precious commodity.

“Kenyans would have been paying Ksh.175 at the pump if we didn’t have the stabilization fund. We have commenced a process of ensuring NOCK takes up it’s rightful role as a strategic reserve. In the next 72 hours we should have resumed the normal demand and supply cycle.” Said CS Monica Juma

The news comes hours after the government deported Rubis CEO Jean Christian Bergeron back to France over economic sabotage.

It was the first action by the government on Wednesday as players in the industry are accused of exporting the precious commodity when the country is in need of it.

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