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State sets aside Sh25bn to settle fuel subsidy arrears
A Fuel Vessel MV Norddolphin 250m Long loaded with 85000 tonnes of Petrol from UAE offloading the precious commodity at the new Kipevu Oil Terminal in Mombasa in this photo taken on April 13, 2023. PHOTO | KEVIN ODIT | NMG
The government has set aside Sh25.2 billion to settle the controversial fuel subsidy debt owed to oil marketers in the new budget to clear arrears for keeping pump prices low.
Treasury Cabinet Secretary Njuguna Ndung’u has submitted changes to the 2023/24 budget to include payments to the firms and ease their cash flow woes.
