Azimio Members of Parliament on Wednesday, March 22, demanded that the government makes public the deal with Saudi Arabian firm ARMCO to ensure low fuel prices in the country.
Mumias East Peter Salasya asked Energy Cabinet Secretary Davis Chirchir to publish the agreements between the National Oil Corporation of Kenya (NOCK) and Armco.
He argued that while the new pact could potentially resolve the fuel price crisis in the country, the between the ARMCO and NOCK needed to be transparent.
"I would like the CS to provide the details of the memorandum of understanding, its impact on the Kenyan fuel market and indicate any challenges with respect to its execution," Salasya stated.
The lawmaker further requested CS Churchir to detail how the deal would affect the pump prices of super petrol and diesel across the country.
Arguing that the spike in fuel prices has been a perennial problem in the country, Salasya sought to know whether the government had plans for a permanent solution to the problem.
"Explain the long-term measures that the Ministry has put in place to ensure the sustainable supply of fuel at cheaper prices and explain other plans put in place," the lawmaker moved.
His query came after CS Chirchir guaranteed that the Kenyans would enjoy cheaper prices since the pact paved for the importation of fuel at lower prices compared to current global markets.
Earlier, President William Ruto disclosed that the firm allowed oil marketing companies to pay for their consignment in Kenyan shillings amid the dollar shortage in the country.
Ruto explained that the directive would help ease the pressure on the demand for the dollar. He also warned oil importers of holding on to the currency to force an artificial shortage.
"Those who are hoarding dollars, you shortly might go into losses. You better do what you must do because this market is going to be different in a couple of weeks," he warned.
The Head of State shed light on the deal with ARMCO, confirming that Kenya would access all our fuel needs in a differed six-month credit.
