Oil marketers' woes mount as State delays Sh9.9bn fuel cash

Fuel2

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

The State owes oil marketers Sh9.98 billion for the fuel stabilisation scheme that was reinstated from July, amid industry disquiet of mounting cash flow hitches.

Data from the Ministry of Energy shows that the billions are due for four monthly cycles including the one lasting from November 15 to December 14.

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