Nyoro says govt using false narratives to hike fuel prices

Business
By Mate Tongola | Jul 15, 2025
Kiharu Member of Parliament Ndindi Nyoro. [Boniface Okendo, Standard]

Kiharu Member of Parliament Ndindi Nyoro has castigated the government over the recent surge in fuel prices, accusing it of excessive taxation.

Addressing the press on Tuesday, Nyoro blamed the Kenya Kwanza administration for secretive borrowing practices, which he termed unconstitutional.

He also dismissed the Ministry of Energy's explanation that rising global oil prices, saying the claim is misleading and unsupported by current market trends.

"Global oil prices peaked last year, not this year. It is clear that the government is using false narratives to justify high pump prices," he stated.

Nyoro pointed to domestic taxation as the real culprit behind the soaring costs, saying more than Sh80 per litre of petrol and Sh76 for other fuels are swallowed by taxes and levies.

He further revealed that in 2023, the government quietly introduced a Sh7 per litre levy at a time when global oil prices were dropping, denying Kenyans the benefits of falling international rates.

The MP also stated that the government went behind the back of Kenyans to securitize the fuel levy and borrow Sh175 billion against it, a move he says was done without parliamentary approval.

"This borrowing is not reflected in official debt records, and Parliament was never consulted; this raises serious concerns about transparency, legality, and the long-term sustainability of public finances."

At the same time, the Kiharu legislature also questioned who the lenders were, the interest terms, and the implications for Kenya's economic future.

Share this story
Interest income, foreign exchange trade: Where banks cut earnings in 2025
As cheaper credit reshaped the market in 2025, banks had to navigate thinner margins and shifting income streams.
Domestic workers push for rights as Kenya eyes key labour reforms
Despite playing a key role in running households across Kenya, domestic and care workers have long remained one of the most vulnerable groups in the labour sector.
Kenya's push to maximise Sh95 billion circular economy
Kenya is exploring digital product passports to boost transparency and unlock its Sh95 billion circular economy potential under Extended Producer Responsibility rules.
Britam profit jumps 10pc to Sh5.5b despite rise in claims
Britam Holdings grew its net profit for the year that ended December 2025 by 10 per cent to Sh5.5 billion from Sh5.0 billion in the previous period.
.
RECOMMENDED NEWS