The government has over the years made numerous attempts to cushion consumers from the sudden surge in fuel prices to no avail. It has also raised debate on why previous attempts to stabilise retail prices of fuel had failed. Others include jet fuel and heavy fuel oil that will also attract Sh5.4 per litre. If you look at the Petroleum Levy collected over the years, what has it achieved? The giant storage facilities would enable the country procure huge amounts of petroleum products when oil prices are low as recently experienced and store them locally.

Source: Standard Digital July 28, 2020 07:11 UTC