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Friday March 17, 2023 – Energy Cabinet Secretary, Davis Chirchir, has finally revealed the five companies that benefited from the Sh16 billion fuel subsidy under former President Uhuru Kenyatta’s regime.
In a list tabled in Parliament, Chirchir listed Rubis, Galana Oil Kenya, Oryx Energies, E3 Energy Kenya, and Vivo Energy as the main recipients of the funds which was set aside by Uhuru to cushion Kenyans from the rising cost of fuel.
According to Chirchir, Oryx was the biggest beneficiary of the subsidy, pocketing Sh8.2 billion of the funds.
E3 Energy was paid Sh3.52 billion, and was another major beneficiary after receiving Sh3.2 billion.
Galana Oil Kenya, Vivo pocketed Sh1.02 billion and Rubis got Sh6.29 million.
“The payments were in respect to the petroleum pump price stabilization program that was introduced through Legal Notice No. 124 of July 10, 2020, Petroleum Development Levy Order, 2020,” Chirchir said.
The amounts were debited from the Consolidated Fund Services.
It is said the monies were withdrawn under the Article 223 of the Constitution which permits the Treasury to release funds without the nod of Parliament.
The Kenyan DAILY POST
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