fuel prices Archives - Daily Chronicles

Yatani Ready To Deliver 2022/23 Budget Statement

7Apr

By Nasra HusseinNo Comments

Politics

Yatani Ready To Deliver 2022/23 Budget Statement

Yatani is expected to read the budget statement in parliament after 3pm detailing how the Sh3.3 trillion budget will be executed to manage the country in the next one year. Unlike other years, this year’s budget will be read two months before the end of the 2021/22 financial year. A situation Government has explained is being aggravated by the current situations mainly the general elections slated for August 9, 2022. Today at the Treasury Building, the Budget Planning Committee, Administrative secretary, Hiram Kahiru said the budget statement is ready and the CS will present it tomorrow as scheduled. Being read at a time when the country is facing harsh economic conditions, coupled with external shocks that have so far affected the local economy, Kahiru assured that the Go...

Motorists, riders scramble for fuel due to shortage

4Apr

By adminNo Comments

local news

Motorists, riders scramble for fuel due to shortage

The escalating fuel shortage in the country forced the government to summon oil marketers for a weekend-long meeting in a bid to resolve the stalemate. Oil marketers have presented several demands to the government, including the immediate release of the Sh13 billion oil subsidy fund owed to them since January. top official of an international oil marketing firm who attended the meetings held on Saturday and Sunday said in confidence that they are also not happy with the government's threats to sanction them for hoarding spot check by the daily chronicles noticed long queues at almost all petrol stations along Limuru Road, Mombasa Road and Waiyaki Way in Nairobi

Atwoli calls out President Uhuru Kenyatta over fuel price hike

16Sep

By Nasra HusseinNo Comments

Business, Politics

Atwoli calls out President Uhuru Kenyatta over fuel price hike

President Uhuru Kenyatta should explain why the government is hellbent on increasing the pain and suffering of Kenyan workers with increase in fuel prices, Cotu secretary general Francis Atwoli has said. In a statement on Thursday, Atwoli said the government should prepare for unrest from all quarters. “We would like Uhuru to comment and make a statement on this unfair perpetual increase in fuel prices. Unless their policies place Kenyan workers at the centre then they should prepare for unrest from all quarters,” he said. Atwoli said Cotu is opposed to the perpetual increase in fuel prices and would like to urge the government to be innovative with how it raises taxes. “At the same time, we would like to remind Uhuru that Kenyan workers are suffering and that he should no...

14Jul

By Nasra HusseinNo Comments

Business

Fuel prices will not change.

The Energy and Petroleum Authority (Epra) has handed Kenyans a reprieve by keeping fuel prices unchanged for the next one month, easing fears of a rise in the cost of the key commodity. Epra was expected to raise the prices of petrol, diesel and kerosene by passing on the increased cost of importing fuel to consumers following a hike in global crude oil prices. The landed cost of importing a cubic-metre of petrol increased by 4.8 per cent to $520.04 last month from $496.1 in May, while that of diesel increased by 3.69 per cent from $461.95 to $479.01 during the same period. However, the price a similar quantity of kerosene in the global market remained unchanged between May and June, but no single consignment for the commodity was imported into the country t...

15Apr

By Nasra HusseinNo Comments

Business

Uhuru bows stops fuel price rise.

A last minute intervention by the National Treasury after public uproar on expected fuel prices increase forced the energy agency to retain pump prices. A letter from the Exchequer addressed to acting Energy and Petroleum Regulatory Authority director Daniel Kiptoo indicated that the government will compensate oil marketers. "The purpose of this letter is therefore to authorise EPRA to publish fuel prices for the period March 15 to April 14 to apply for the period April 15 to May 14," the letter reads in part. A litre of petrol will continue trading at Sh122.81 in Nairobi, diesel Sh107.66 and a litre of Kerosene to retail at Sh97.85 for the one month to May 14. This, despite the landed cost of petrol increasing 9.27 per cent to $4491.50 per cubic me...