How Ruto deal with Gulf oil firms inflated pump prices

Epra fuel prices review

Collections from a levy meant to discourage the use of kerosene to adulterate diesel and super petrol fell to the lowest level last year.

Photo credit: File Photo | Nation Media Group

Consumers in Kenya and neighbouring countries paid billions of shillings in additional cost of petroleum products under the government-to-government (G-to-G) oil deal that inflated the price of fuel compared to the previous supply system on which it was modelled.

The additional burden was introduced by increasing the premium charged by the oil importers compared to what was collected under the open tender system (OTS), the Auditor-General Nancy Gathungu said in a review of the G-to-G cost structure.

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Note: The results are not exact but very close to the actual.