Fuel Price Subsidy - The National Treasury Cuts Allocations for Fuel Price Subsidy by Half

Fuel Price Subsidy - The National Treasury Cuts Allocations for Fuel Price Subsidy by Half

Business Daily

The Treasury has allocated Sh27 billion to the Petroleum department for the subsidy. This is less than half the Sh54.18 billion budgeted for fuel price stabilisation this year ending June. It is not yet clear if the allocation for the fuel subsidy will be used to stabilise prices or settle the debt to oil companies.

#BUSINESS #English #UG
Read more at Business Daily