List of oil companies that benefited from Uhuru’s last Sh17bn fuel subsidy
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Five oil companies profited from Uhuru's last Sh17bn fuel subsidy, with Oryx Energies receiving the largest share
Five oil companies profited from Uhuru’s last Sh17bn fuel subsidy, with Oryx Energies receiving the largest share.
According to a filing by the Energy Ministry, Oryx Energies received the largest share of former President Uhuru Kenyatta’s final Sh16.59 billion fuel subsidy payment.
Other companies that shared the amount of products imported include E3 Energy Kenya, Vivo Energy Kenya, Galana Oil Kenya, and Rubis Energy.
Oryx Energies received KES 8.21 billion in two tranches, making it the largest beneficiary, followed by Galana at KES 3.82 billion and E3 at KES 3.52 billion.
Vivo was paid a total of Sh1.02 billion while Rubis got Sh6.29 million.
Chirchir, the Energy Cabinet Secretary, was summoned by the National Assembly’s Public Petitions Committee regarding the expenditure, which was withdrawn under Article 223 of the Constitution.
The Consumers Federation of Kenya (Cofek) has petitioned Parliament to probe the spending of Sh55 billion under the emergency provisions of the Constitution during the transition from the Jubilee government to the Kenya Kwanza administration after the polls.
Cofek argues lack of transparency and accountability in the run-up to the transition from one administration to another is a matter of public concern.
“The payments were in respect to the petroleum pump price stabilization programme that was introduced through Legal Notice No. 124 of July 10, 2020, Petroleum Development Levy Order, 2020,” Mr. Chirchir told the committee.
Uhuru Kenyatta announced the spending to cushion consumers from a sharp increase in fuel prices.
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“It is notified that His Excellency the President has today authorized an additional fuel subsidy of Sh16.675 billion, so as to cushion Kenyans from a further increase in fuel prices,” State House announced at the time.
Disclosures submitted to Parliament in September last year showed the Treasury spent Sh23 billion without the approval of Parliament in the weeks to the inauguration of President William Ruto.
It disbursed Sh810 million to the State House, Sh2.2 billion for building the military research hospital, and Sh4.5 billion for the discontinued maize flour subsidy.
Another Sh9.45 billion was allocated for road construction and Sh6.09 billion to private equity fund Helios Investment Partners for a 60 percent stake in Telkom Kenya.
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