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"id": 1108590,
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"type": "speech",
"speaker_name": "Tharaka, DP",
"speaker_title": "Hon. George Gitonga",
"speaker": {
"id": 13491,
"legal_name": "George Gitonga Murugara",
"slug": "george-gitonga-murugara"
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"content": " Thank you, Hon. Speaker. When the Petroleum Levy Order came before the Committee on Delegated Legislation, we were convinced to approve the increment from five cents to five shillings and forty cents for two reasons; One, we were told that the five cents that was in existence in the legislation was passed in 1972 and therefore, going by inflation mathematics, Kshs5.40 cents was almost commensurate, and we agreed on that. We were also told that the Petroleum industry had enforced the order even before it was ratified by Parliament. This was such that the Kshs5.40 cents was already incorporated into the prices of petroleum and as such there were billions of shillings lying somewhere in an account meant to cushion just in case there was inflation. We were convinced and we actually agreed to this in July. Recently, prices went up and no one mentioned what happened to those billions that were raised before July and after July. Therefore, the Departmental Committee on Finance and National Planning should thoroughly investigate where that money went. This is because if it is applied as The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}