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{
    "id": 1116855,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1116855/?format=api",
    "text_counter": 227,
    "type": "speech",
    "speaker_name": "Nakuru Town East, JP",
    "speaker_title": "Hon. David Gikaria",
    "speaker": {
        "id": 2489,
        "legal_name": "David Gikaria",
        "slug": "david-gikaria"
    },
    "content": "In the international market, pricing varies because of various aspects. One of the issues is international oil prices. The prices do play a huge role. Again, we are disturbed to find out that the USA plays a big role in international oil prices yet Organisation of the Petroleum Exporting Countries (OPEC) is the institution that produces millions of barrels of oil. Secondly, there is transport and storage charges. This is where Kenya Pipeline Corporation comes in. In the last Supplementary Budget, our Committee did approve Ksh1.6 billion which had already been spent, of course over and above the Ksh7 billion that had been spent, for us to stabilise prices. It is also important to note that as we look at prices, most of the budget for the Ministries of Petroleum and Energy depend on petroleum levy. So, I beg to support the Report and hope that soon the Committee will bring a Bill so that we actualise its recommendations. Thank you."
}