Parliament to probe watchdog over high fuel pricing

The levy was hiked by over 1,000 per cent last year to Sh5.40 from Sh0.40 per litre of diesel and petrol. [Elvis Ogina, Standard]

Parliament is set to investigate the controversial Petroleum Development Levy, which is partly to blame for high fuel prices in the country.

Justin Muturi speaker National Assembly said the house had received a petition to look into the levy that was hiked by over 1,000 per cent last year to Sh5.40 from Sh0.40 per litre of diesel and petrol. The funds that collected were to go into a kitty for the stabilisation of local petroleum prices in instances of a sudden increase in retail prices.