Bill seeks to strip EPRA role of setting petrol prices
The Energy and Petroleum Regulatory Authority (EPRA) may be stripped of its core function of setting a ceiling of petroleum products prices if MPs pass a Bill currently under consideration.
The draft Energy (Amendment) Bill, 2024 by Kesses MP Julius Rutto seeks to amend section 10 of the Energy Act of 2019 in order to strip off Epra the function and let petrol prices determined by International markets and other factors.
“The principal object of this Bill is to amend the Energy Act of 2019 to remove the function of setting the ceiling of petroleum products prices from the Energy and Petroleum Regulatory authority,” reads the Bill.
Read: State refuses to back down as rise in road levy continues to hurt motorists
The effect of this is that the prices of these products shall be determined by the international market prices and other factor.
The Bill seeks to delete paragraph (a) sub-paragraph (ii) which provides for the function of regulating the importation, refining, exportation, transportation, storage and sale of petroleum and products with the exception of crude oil from Epra.
Section 10 of the principal Act that the Bill seeks to amend mandates Epra to regulate importation, refining, exportation, transportation, storage and sale of petroleum products with the exception of crude oil.
In April last year, the country began undertaking importation of petroleum products through the Government-to-Government arrangement which was slated to run for nine months but has since been extended to December this year.
If MPs pass the Bill affecting the amendments, it will not only remove the function of regulating the sale of petroleum and petroleum products from Epra but will also take away its role in regulating other aspects such as importation, exportation, transportation and storage of petroleum products.
The draft Bill is, however, silent on how the importation of, exportation, transportation and storage of petroleum products will be regulated.
According to the Parliamentary Budget Office (PBO), enactment of the Bill will save taxpayers Sh169, 478,400 which mainly includes operational expenses of the directorate that normally conducts the price review, staff remuneration, and maintenance costs.
The office in its analysis of the Bill presented before the Budget and Appropriation committee says if the Bill is enacted into law, it will result in price liberalisation and promotion of competition among the oil marketing companies, a move which will make prices of petroleum products cheaper for consumers.
It, however, warned of price spikes due to price vitality, quality and safety concerns of the petroleum products, potential shortages and likelihood of disruption of petroleum products, a move which will affect small players in the industry.
The Bill will however only proceed to publication and formal introduction for first reading in the House afterthe budget and appropriation committee takes account the views of Treasury Cabinet Secretary
The committee is expected to submit its report on the proposal within 30 days.
smundu@ke.nationmedia.com
Shows
See AllAM Live
AM Live is NTV's morning current affairs show that sets the agenda for the day with insightful panels every weekday.
Business Redefined
Business Redefined is Kenya’s premier thought leadership platform for unpacking matters regarding economic and finance policy as well demystifying complex developments in the region’s capital markets.
Comedies
A collection of our premium content. Diam curabitur vehicula A collection of our premium content. Diam curabitur vehicula
Entertainment
A collection of our premium content. Diam curabitur vehicula A collection of our premium content. Diam curabitur vehicula
Full Episodes
A collection of our premium content. Diam curabitur vehicula A collection of our premium content. Diam curabitur vehicula
Gumzo La Sato
Gumzo La Sato is a live social issues show that aims to create awareness about issues affecting the larger society. The discussions range from Parenting, Marital bliss and struggles, Oppression, violence, and all matters of the Heart.
Health Diary
Health Diary is a weekly show that highlights different types of diseases/conditions and seeks ways to prevent, treat/manage them. The show debunks this through real life stories and also feature specialists in different fields, to offer medical advice on the same.
Letter To My Younger Self
Letter To My Younger Self is a podcast where guests get to write a letter to their younger self, from which Maxine formulates questions to ask them during the hour-long show.
Nation Reports
Nation Reports is a weekly podcast offers an opportunity for listeners to interact with various reporters and journey with them as they unravel the biggest most emotive stories.
One Health Lens Podcast
Discussing health matters and human stories from Kenya and across Africa. We talk big picture from people to policy, ecosystems, and everything in between. Follow us on LinkedIn: https://www.linkedin.com/company/onehealthlens
Paradise Lost
Paradise Lost peeks through the story of Louis Otieno, the times, and everything in between.
Speaking of GEN Z
Speaking of Gen Z brings you entertaining but meaningful conversations about a generation that is trying to navigate through adulthood. Join hosts Michelle, Jackie and Esther as they unravel all things Gen Z.
Sport On
Sport-On is a 30-minute sports magazine show on NTV and 3 hours on NATION FM. The show seeks to give the sports “fanatics” and “funatics” comprehensive and in-depth coverage of sports both locally and internationally.
Tech-over
The extent of technological growth is beyond mere acknowledgment; it has seamlessly integrated into our daily existence. A few years ago, the notion of paying electricity bills through mobile money or recharging with 'tokens' in Kenya seemed inconceivable. Online product sales were considered distant, and artificial intelligence is rapidly reshaping various facets of our lives. Amidst these technological leaps, those with a solid understanding of tech can navigate challenges, seize opportunities, and build a sustainable livelihood. Tech over Show aims to be the platform facilitating discussions among thought leaders, innovators, tech companies, and the government, addressing challenges and opportunities in Kenya's thriving tech industry.
Thamani
Thamani is a business show which is dedicated to emerging issues regarding micro, small and medium size businesses.
The Politalk podcast
This is The Politalk podcast. Here we look into the ins and outs of everything Kenyan politics. We pull no punches and have no reason to sugarcoat anything that matters to Kenyans.
The Trend
A two-hour-long live show that airs on Fridays. The show focuses on what is current in the entertainment industry, controversial and popular across all media platforms targeting those aged between 25 and 35 years.
The trend podcast
The trend podcast highlights and captures the best of banter from #TTTT segment that airs every Friday on NTV. It's the TTTT EXTRA
The Wicked Edition
The Wicked Edition with Dr. King’ori seeks to address serious issues through humour and relatable wit. It is a two-part half hour show filmed in front of a live audience
Trending
A collection of our premium content. Diam curabitur vehicula A collection of our premium content. Diam curabitur vehicula
Twende
Twende is a travel show that highlights beautiful, unique, diverse locations, people, and cultures. The show offers fresh perspectives on familiar locations and memorable experiences in new ones.
Unscripted
This Saturday evening lifestyle show lets viewers share their stories and life experiences as openly & honestly for the purpose of shifting the culture of silence.
VIP Access
VIP ACCESS is Anyiko Owoko’s YouTube and podcast show on Music and Culture dedicated to promoting Africa’s most promising talent and creatives. This podcast grants you VIP access into timeless interviews while providing a platform for rising as well as established artists across the continent. Since launching in 2018, Anyiko has interviewed over 70 African music stars.
WADR
This weekly news show aims to have all sides of debate but not be constrained by it, listen to main voices in the contest but not allow them to hold the viewers hostage, entertain debate but allow push back with all due respect.
When death do us part
In this podcast, three widowers openly speak about the process of grief, how they found themselves exposed to the emotional turmoil of losing their wives, and how society still does not know how to deal with them.
Your World
Your World is a health, wellness and variety show. It provides a platform for audiences and experts to share their experiences on how to improve or manage health issues, across Kenya and the Africa region.