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Oil marketers yet to be paid Sh45 billion subsidy cash
A Fuel Vessel MV Norddolphin 250m Long loaded with 85000 tonnes of Petrol from UAE offloading the precious commodity at the new Kipevu Oil Terminal in Mombasa in this photo taken on April 13, 2023. PHOTO | KEVIN ODIT | NMG
The State owes oil marketers Sh45.82 billion for the fuel stabilisation scheme that was scrapped last month amid mounting cash-flow woes for the dealers.
A communique from the Energy and Petroleum Regulatory Authority (Epra) shows that Vivo Energy Kenya, TotalEnergies Marketing Kenya and Rubis Energy Kenya— the top three oil majors— account for Sh25.67 billion or 56 percent of the unpaid money.
