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{
    "id": 36160,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/36160/?format=api",
    "text_counter": 283,
    "type": "speech",
    "speaker_name": "Eng. Rege",
    "speaker_title": "",
    "speaker": {
        "id": 135,
        "legal_name": "James Kwanya Rege",
        "slug": "james-rege"
    },
    "content": "Thank you, Madam Temporary Deputy Speaker. I would like to support this Motion, but with amendment. Madam Temporary Deputy Speaker, my Committee has really looked into this issue of escalating prices in the petroleum industry. We have tried all kinds of formulae to curb the escalating prices of petroleum products that we have in this country. We have talked at large with the ERC and looked at their formulae to determine if they are using the same formula that the whole world is using in controlling petroleum prices. We seem to have been satisfied that they are, indeed, using that formula. The formula they are using is one which has fixed parameters that are trailing the world’s petroleum prices. For me, what I see as a problem is the dwindling value of our shilling at the Central Bank of Kenya. If our shilling was stable, you would see Kenyans enjoying their lives in Kenya with regard to the escalating prices in commodities. If, today, we say: “Let us clamp it at Kshs80”, what would stop somebody from pumping the fuel and taking it across the border? I am suggesting that, yes, indeed, we need to control fuel prices so that Kenyans can enjoy their lives. But if we are going to do it, let us do it experimentally for a certain period of time and then look at how we can permanently control those prices and make them affordable for Kenyans. Madam Temporary Deputy Speaker, for now, that is all I had to contribute. I would like to support it and ask our Committee and the Ministry to look at hon. Langat’s suggestions and ideas to see how we can help our people in this country, without having Kenya stand alone at the bottom of the barrel when other countries are selling fuel at high prices."
}