Sunday, May 25News That Matters

Tag: oil

Gov’t Promises To Stabilise Fuel Supply Within 3 Days
Business

Gov’t Promises To Stabilise Fuel Supply Within 3 Days

Normal fuel supply across the country will be stabilised within the next 72 hours as the government moves to address the artificial fuel shortage that has hit Kenya. Energy Cabinet Secretary Monica Juma insisted that the current fuel crisis is artificial created by Oil Marketing Companies (OMCs) who complained that the government was yet to pay billions of shillings in fuel subsidy. She also said the crisis was further exacerbated by the oil companies hoarding stock with the hope of a spike in fuel prices set to be announced today by the Energy and Petroleum Regulatory Authority (EPRA). Saying that anyone behind the crisis will be punished to the full extent of the law, Juma said that the government has moved to try and place country back on the path of normalcy. “I h...