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"id": 166561,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/166561/?format=api",
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"type": "speech",
"speaker_name": "Eng. M.M. Mahamud",
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"speaker": {
"id": 373,
"legal_name": "Mohammed Maalim Mahamud",
"slug": "mohammed-mahamud"
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"content": "Mr. Deputy Speaker, Sir, I have taken time to analyze the prices of crude oil and fuel prices in Kenya. However, it is important to take into account the fact that in July 2008, crude oil prices were at US$137.335. At that time, the US Dollar was at an exchange rate of Kshs60.00. One barrel of oil is 159 litres. Therefore, the price of crude oil per litre was Kshs57.03, at that time. In the same reasoning, in December, 2008, the price of crude oil was Kshs42.1 per barrel. The exchange rate was Kshs71.8 in December. If you use that conversion, you will see that the price of crude oil will be Kshs20.65 per litre."
}