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July 15, 2025
3mo ago

Ndindi Nyoro Alleges Govt Took Secret Loan Using Fuel Levy as Security

Ndindi Nyoro Alleges Govt Took Secret Loan Using Fuel Levy as Security

This comes as pump prices hit a new high on July 14...

✨ Key Highlights

Kiharu Member of Parliament Ndindi Nyoro has accused the Kenyan government of secretly borrowing funds using the fuel levy as collateral amidst a sharp increase in fuel prices.

  • Pump prices for Super Petrol, Diesel, and Kerosene increased by Ksh8.99, Ksh8.67, and Ksh9.65 per litre, respectively, according to the Energy and Petroleum Regulatory Authority (EPRA).
  • Nyoro claims the government introduced a new Ksh7 fuel levy during a period of decreasing global oil prices to secure a Ksh175 billion loan, which he describes as an "illegal debt."
  • He raised concerns over the lack of parliamentary oversight regarding the use of public levies as loan collateral, threatening Kenya's financial sovereignty.

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