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"id": 54620,
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"type": "speech",
"speaker_name": "Mr. Murungi",
"speaker_title": "The Minister for Energy",
"speaker": {
"id": 93,
"legal_name": "Kiraitu Murungi",
"slug": "kiraitu-murungi"
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"content": " Thank you, Mr. Temporary Deputy Speaker, Sir. I was saying that we cannot run away from the fact, unless we do not want to. The primary causes of the escalation in petroleum prices are external factors and they are two. One is the escalation in the price of international crude oil which is primarily caused by geopolitics. What we are seeing in the Middle-East and northern Africa is affecting us. I think we cannot run away from that fact. Secondly, the Kenya shilling has depreciated against the dollar. What you see in the fuel prices today, at least, Kshs5 is being contributed by the weakening of the Kenya Shilling vis-Ă -vis the dollar."
}