Today, the Kenya Transporters Association Limited issued a statement decrying the high fuel prices in the country. The organization claims that the high fuel prices will likely hamper Kenya's post-COVID-19 economic recovery efforts.
The organisation which represents heavy commercial trucks, also argues that the high fuel prices will make Kenyan goods non-competitive in the East African market.
What they found out is that the current Kenyan pump prices are Ksh 109.84 for diesel, and Ksh 129.13 for petrol while in Tanzania Diesel costs Tsh 1,829 (Ksh 85.96) and Tsh 1,887 (Ksh 88.67) with an exhange rate of 1 Tsh = Ksh 0.047.
According to the Kenya Transporters Association, they have an issue with the formula that the Energy Regulatory Authority uses to calculate the fuel prices. The KTA claims that some factors used to calculate fuel prices in the formula are unclear and they eventually push fuel prices at the pump higher.
Content created and supplied by: Ledward (via Opera News )
Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform See More