Oil companies get Sh8bn for unchanged fuel prices

Pump attendant fueling a vehicle at Total Petroleum Station on Kimathi Street in Nairobi on Wednesday, April 14, 2021. PHOTO | DENNIS ONSONGO | NMG

The State will pay oil marketers an estimated Sh8.12 billion for keeping fuel prices unchanged in the monthly review that will lapse on January 15.

Compensation for diesel will be highest at Sh4.82 billion followed by that of super petrol at Sh3.03 billion and kerosene at Sh0.26 billion based on the average consumption of the three fuels.

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