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{
    "id": 192241,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/192241/?format=api",
    "text_counter": 44,
    "type": "speech",
    "speaker_name": "Mr. Keter",
    "speaker_title": "",
    "speaker": {
        "id": 169,
        "legal_name": "Charles Cheruiyot Keter",
        "slug": "charles-keter"
    },
    "content": "Thank you, Mr. Speaker, Sir. It is worth noting that 60 per cent of the market shareholding of the petroleum products sub-sector is here in Nairobi. So, the prices are driven supply and demand. There is a lot of demand for petroleum products in Nairobi. In my explanation, I said that the cost of running business in Nairobi is not the same as that of running business in other parts of the country. It varies. In terms of advertisement, the Nairobi City Council's charges are different from those of, say, Kericho County Council. So, the prices vary. Also, worth noting is the fact that the prices of petroleum products are still rising because they are being driven by the world market. When we issued a Ministerial Statement to this House the other day, crude oil at the world market was going for US$ 109 per barrel. Now, it is going for US$ 136 per barrel. Hence a meeting is scheduled for the African Co-ordinate on 20th July, 2008, so that we deliberate on how the prices of petroleum products can be lowered. Hon. Members will remember that in 1994, this House passed a law and removed price controls on oil products. So, the oil industry is not controlled. We de-regulated the control of petroleum products."
}