Gov’t To Pay A Further Ksh.14 Billion To Oil Marketers
The government is expected to pay a further Ksh.14 billion to oil marketing companies (OMCs) to cover arrears from the fuel subsidy.
Already, the Ministry says it has paid Ksh.34.2 billion of the arrears owed to the fuel retailers over the course of the fuel shortage crisis in the country.
"We are in receipt of the full outstanding balance that is payable to the OMCs. As of yesterday (Wednesday) we had dispatched upwards of Ksh.34.6 billion since the program started last year and will continue with these disbursements once done with the administrative procedures," stated Acting Petroleum and Mining Cabinet Secretary Monica Juma.
According to Petroleum Principal Secretary Andrew Kamau, the payments are expected to be booked later on Thursday or Tuesday next week.
"EPRA will...