Economy

How Gulf firm baited Kenya into extending G-to-G fuel deal

Fuel2

KRA collected an estimated Sh164.03 billion in fuel taxes between last July and December. PHOTO | SHUTTERSTOCK

One of the three Gulf oil majors at the centre of the government-to-government fuel import deal has revealed how it pushed Kenya to extend the arrangement by one year as a condition for renegotiating prices, underlining the firms' power of leverage in the multi-billion shilling scheme.

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