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Ole Kina: Prisko Networks Limited took 9.3B and never delivered fuel

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Senator Ledama Ole Kina has fingered Prisko Networks Limited, a petroleum supplying company of being paid 9.3B shillings by the government, only to fail to deliver fuel to Kenyans. In a tweet on Wednesday, the Narok senator attributes the current hike in the price of fuel to these briefcase companies that were awarded and paid upfront tenders by the National Oil Corporation (NOC).

”The rains started beating us when briefcase companies were awarded and paid upfront tenders by treasury to supply fuel to NOC and they never supplied. Prisko Networks Limited took 9.3B and never delivered fuel. Now they are part of the largest fuel retailers in Kenya,” Ole Kina tweeted.

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On its latest maximum pump price review, the Energy and Petroleum Regulatory Authority (EPRA) has raised the prices of super petrol by Ksh.7.58 per litre, changes expected to be effected from today midnight.

The cost of diesel and kerosene on the other hand shoots by Ksh.7.94 and Ksh.12.97 per litre respectively.

A litre of petrol in Kenya’s Capital Nairobi will now cost Ksh.134.72 rising from Ksh.127.14. The cost of diesel meanwhile spikes to Ksh.115.60 from Ksh.107.66 while kerosene will cost Ksh.110.82 from Ksh.97.85.

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EPRA explained the prices are inclusive of the 8 percent Value Added Tax (VAT) in line with the provisions of the Finance Act 2018, the Tax Laws (Amendment) Act 2020, and the revised rates for excise duty adjusted for inflation as per Legal Notice No. 194 of 2020.

It said that the calculation of the prices was reached in accordance with Section 101(y) of the Petroleum Act 2019, Legal Notice No.196 of 2010, and Legal Notice No. 26 of 2012.

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