Motorists pay Sh15bn in eight months to stabilise fuel prices

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An attendant fuels a car at a Rubis petrol station in Nairobi. FILE PHOTO | NMG

Motorists paid Sh15.63 billion to stabilise pump prices in the first eight months of the current financial year to February 2023, documents from the Ministry of Energy show, amid struggles by the State to clear billions of shillings owed to oil marketers.

The Treasury has so far spent Sh8.7 billion of the money to compensate oil dealers for keeping pump prices low in the period and is yet to pay an estimated Sh50 billion to dealers.

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