Kenya says it will cancel oil firms' licences as fuel crisis worsens
The fuel crisis that has rocked the three East African countries for the past one week arising from the introduction of an advance tax payment system by the Kenya government is far from being resolved.
Energy Minister Simeon Nyachae appeared to fuel to the stalemate by threatening to cancel licences for oil companies that persisted in boycotting stocks from the Kenya Petroleum Refineries just hours after his efforts to reconcile the dealers and the Kenya Revenue Authority (KRA) came to nought.
The refineries general manager, Chris House, said the plant would close down temporarily as its storage capacity was full due to the oil companies' failure to move refined products for distribution, igniting a Ksh3 increase in pump prices around Nairobi.
Reference: http://www.nationmedia.com/eastafrican/current/News/Regional150820054.htm
Energy Minister Simeon Nyachae appeared to fuel to the stalemate by threatening to cancel licences for oil companies that persisted in boycotting stocks from the Kenya Petroleum Refineries just hours after his efforts to reconcile the dealers and the Kenya Revenue Authority (KRA) came to nought.
The refineries general manager, Chris House, said the plant would close down temporarily as its storage capacity was full due to the oil companies' failure to move refined products for distribution, igniting a Ksh3 increase in pump prices around Nairobi.
Reference: http://www.nationmedia.com/eastafrican/current/News/Regional150820054.htm
posted by Netreneur at 1:11 AM
1 Comments:
What happens to the consumers after they can not access this product? Do the two (corporations and government) consider this?
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