Kenya will import UAE oil on credit to ease dollar woes

Energy and Petroleum Cabinet Secretary Davies Chirchir. FILE PHOTO | DENNIS ONSONGO | NMG

Kenya will from next month start importing fuel on credit of up to one year from the United Arab Emirates to ease pressure on dollar demand amid uncertainty over its impact on local pump prices.

Energy and Petroleum Cabinet Secretary Davies Chirchir says the government-to-government deal will see Kenya import 30 percent of its monthly fuel requirements through the State-owned National Oil Corporation (Nock).

PAYE Tax Calculator

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