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"id": 1116882,
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"type": "speech",
"speaker_name": "Kikuyu, JP",
"speaker_title": "Hon. Kimani Ichung’wah",
"speaker": {
"id": 1835,
"legal_name": "Anthony Kimani Ichung'Wah",
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"content": " Thank you, Hon. Temporary Deputy Speaker. It is because you had taken about a minute of my time. It is high time the Committee went and dug deeper into the question of oil marketing companies and the profit margins and operational costs. This is because the operational costs of Vivo Energy, Rubis, Ichung’wah Oil Marketers Limited and other small businesspersons are not the same. Therefore, you cannot give them the same margins. We should allow a liberal and free market economy to thrive so that people can compete and offer the best prices of petroleum products and other fuels for Kenyans. I support the Committee. Indeed, when the time comes I will be moving amendments to the Bill, particularly on VAT on petroleum fuel and LPG to zero-rate them. On the question of profit margin, we will reduce it further from Kshs9 to at least Kshs6 or allow a liberal free market. We will also look at ways of dealing with the problem of state capture within the oil industry."
}