MPs train weapons on EPRA, Kenya Pipeline, KRA, KEPSA due to increased fuel prices »Capital News

NAIROBI, Kenya Sept. 28 – The Energy and Petroleum Regulatory Authority (EPRA), the Kenya Pipeline Company (KPC) and the Petroleum Institute of East Africa are among the five stakeholders expected to join the Parliamentary Committee on Finance and national planning proposals are beginning to make its examination of the two petitions to raise the prices of petroleum and petroleum products.

A timetable issued by the Gladys Wanga-led committee shows that the Kenya Private Sector Alliance (KEPSA) and the Kenya Association of Manufacturers (KAM) will come up with their views on Tuesday on the rise in fuel prices, which are blamed for the sharp rise in costs to live in the country.

National Assembly Secretary Micheal Sialai released a notice on Friday calling on the public to turn to a petition filed by Antony Manyara and John Wangai with the National Assembly to abolish the 8 percent sales tax increase the prices of petroleum products.

Sialai said the committee will need to inquire about how mooring fees and fees charged by shipping companies to the importer affect oil prices, how much they are per month and what component of fuel prices they are included in.

The House team is also set to investigate the implementation of the Fuel Stabilization Fund and find out why Kenya Petroleum Refineries Limited is still a factor in oil pricing but no longer refines crude oil.

“The research also aims to understand the impact of increased fuel prices on the economy and general well-being of Kenyans,” reads the call for public submission.

House spokesman Justin Muturi instructed that the team led by Wanga should add a bill to the report suggesting legislative intervention to reverse the situation.

The matter has sparked a heated debate as both lawmakers and the executive have been embroiled in a guilt game over whether there could be reasons other than taxation that could drive fuel prices up.

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The hearing comes a day after the Supreme Court temporarily halted the Kenya Revenue Authority (KRA) ruling to adjust exercise tax rates on petroleum products.

Judge James Makau said the suspension order will remain in effect pending a hearing and decision on a judicial review motion filed by Isaiah Yatta.

The judge ordered the petition to be served on KRA, EPRA, cabinet secretaries in charge of finance, oil and mining, and energy.

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