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MPs approve Sh10 billion in bid to stabilize fuel prices

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By Judith Gicobi

In the midst of severe shortage of fuel and goods in some regions of the nation, Parliament approved the appropriation of Sh10 billion for the stability of fuel prices yesterday.

Budget and Appropriations Committee chairman Kanini Kega, who introduced the Supplementary Appropriation Bill, said the deficit was unusual and asked colleagues to approve the allotment immediately.

Despite a rise in the cost of importing the commodity, the Treasury will pay oil marketers billions of shillings over the next two months to keep pump prices flat.

Parliament authorized the release of Sh127.2 billion from the Consolidated Fund for use in the fiscal year ending June 30 and to appropriate the money for specified public services and purposes by approving the Supplementary Appropriation bill.

MPs can also rejoice after the allocation of Sh4.9 billion to the National Government Constituency Development Fund (NGCDF).

As the present term comes to a conclusion, he said the money will help finish stalled projects in constituencies.

To help Kenyans cope with the devastating drought, Sh15 billion has been set aside to buy food and animals from the afflicted people.

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