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{
    "id": 184296,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/184296/?format=api",
    "text_counter": 35,
    "type": "speech",
    "speaker_name": "Mr. M.M. Mahamud",
    "speaker_title": "The Assistant Minister for Energy",
    "speaker": {
        "id": 373,
        "legal_name": "Mohammed Maalim Mahamud",
        "slug": "mohammed-mahamud"
    },
    "content": " Mr. Deputy Speaker, Sir, I beg to reply. (a) I concur with the hon. Member that the international price of crude oil stood at US$146 per barrel in mid-July, 2008, up from US$92.25 in January, 2008. However, the crude oil price has fallen to US$73.26 per barrel as at 10th October, 2008 following increase in supply. The low price ought to be reflected in the local market as well. I agree with him. The pump prices started reducing from 1st October, 2008, with NOCK leading the way by announcing a drop of about Kshs8 across all its service stations. This is close enough to what my Ministry demanded from marketers; to reduce their pump prices by Kshs10 in line with the falling crude oil prices. The Ministry has also noted a price drop in pump prices by other marketers. Hon. Members should advise the public to fuel at NOCK stations which are currently posting lower pump prices of Kshs96.99 per litre for diesel and Kshs97.99 per litre for super. They should also note that pump prices are pegged on a monthly average barrel cost and not the daily cost. This means that once the monthly average barrel cost drops, then any product brought at this time will lead to low prices at the pump. Since the de-regulation of the petroleum industry in 1994, the Ministry of Energy does not have direct control over the pricing of petroleum products. However, the Government is working on modalities of empowering NOCK, which will then supply petroleum products at affordable prices. Currently, the Energy Regulatory Commission is reviewing the viability of controlling prices. (b) NOCK supplies bulk supplies to consumers across the country. Some of the clients supplied include the following: The agricultural sector, Kenya Seed Company; in construction sector, Kirinyaga Construction; in the tourism sector, Amicabre; in the health sector Kijabe Hospital; in the education sector, Egerton University and in the transport sector, Citi Hoppa and Kenya Railways and in energy sector, Camec and Lundin. Besides these, the corporation serves several Government Ministries and parastatals such as Energy, the Office of the Deputy Prime Ministry and Ministry of Local Government, Kenya Co-operative Creameries and 2664 PARLIAMENTARY DEBATES October 14, 2008 Kenyatta National Hospital, among others. (c) My Ministry, on many occasions, has been very vocal in urging Government Ministries and parastatals to obtain their fuel requirements from the corporation. In addition, NOCK has always set out strategies for growing its share of bulk supplies to the Government as well as other related consumers. The Ministry is also in the process of gazetting a legal notice that will establish import allocations a quota of 30 per cent to be imported by NOCK. This will ensure that NOCK controls the bigger share of the market and, therefore, subsequently influences prices."
}