Cherargei's Proposal to Curb Fuel Prices in the Country
Following the Energy and Petroleum Regulatory Authority's (EPRA) new directive to reduce fuel prices by Ksh. 1, many Kenyans, including politicians, have spoken out. Nandi senator Samson Cherargei has also come out to share his ideas on what the government should do to keep fuel prices reasonable.
Taking to his Twitter account, Cherargei supported the government in reducing fuel prices across the country as he defended it stating that Kenyans needed to be patient as the prices would not drop down immediately.
"Fuel Prices reduction as the festive season sets in as global prices also stabilize. Let's keep working hard to better our country. Mungu mbele," Cherargei stated.
He also went ahead to state that the prices were still high due to the weak shilling against the dollar and that the effects were being experienced by Kenyans due as a result of the misappropriation of Kenya's funds during the former President Uhuru Kenyatta's regime.
"Fuel prices reduction shall not be felt immediately because of the weak shilling against the dollar despite 30% reduction in global fuel prices & post-Uhuru side effects," Cherargei stated.
He also went ahead to propose a solution for the country stating that in order to ensure that Kenyans were not experiencing the high fuel prices hike, the Kenyan government would ensure that the Tullow oil exploration in Turkana was looked into and made available to the local Kenyans.
"The solution is to ensure Tullow oil exploration in Turkana is viable commercially to be used locally," he stated.
Fuel prices reduction shall not be felt immediately because of weak shilling against the dollar despite 30% reduction in global fuel prices & post Uhuru side effects. The solution is to ensure Tullow oil exploration in Turkana is viable commercially to be used locally.— Senator Kiprotich Arap Cherargei (@scherargei) November 15, 2022
Earlier this year, the Tullow oil company had plans to invest $5 million in its Kenyan operation as it gears up for commercial oil production.
The announcement comes at a time when Tullow was eyeing a strategic partner to help implement a development plan for oil production in Turkana.
“Tullow is prioritizing investment in high return opportunities in its producing assets, whilst ensuring the business remains self-funded,” Tullow said in its 2022 investment plans.
Kenya first announced the discovery of oil in Turkana Blocks 10BB and 13T in March 2012, raising hopes for the petrodollars needed to fuel economic growth. However, crude oil has yet to be fully commercialized in the country.
After Tullow presented a clearer plan for oil production in the South Lokichar Basin, the State announced last year that it is ready to finally pay out billions of shillings to more than 516 landowners in Turkana County.