State owes oil marketers Sh2.9bn for fuel subsidy

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A fuel attendant fills up a vehicle at a petrol station on July 1, 2023.

Photo credit: File | Nation Media Group

The State owes oil marketers Sh2.9 billion for the fuel subsidy and the amount is set to rise this month, on extension of the scheme that President William Ruto had said would not be reintroduced. This is based on data from the oil marketing industry.

This includes Sh1.9 billion for the monthly pricing cycle to August 14 and a further Sh1 billion for the June-July period.

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