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{
    "id": 918578,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/918578/?format=api",
    "text_counter": 108,
    "type": "speech",
    "speaker_name": "Sen. (Eng.) Maina",
    "speaker_title": "",
    "speaker": {
        "id": 75,
        "legal_name": "Ephraim Mwangi Maina",
        "slug": "ephraim-maina"
    },
    "content": "The cause of the rising cost of petroleum fuels in Kenya has been another staking point for us. This is because the cost of fuel affects everything. Wananchi are crying because of the high cost of living. My Committee is concerned by how the cost of fuel can be brought down. Therefore, the Committee noted that Kenya currently sources a 100 per cent of the petroleum products from the international market which plays a fundamental role in the determination of the final prices of the refined product and that the trend of the local prices reflects with great accuracy the trend in the international market. Since 2016, the Committee receives a quarterly reconciliation report between the Energy Regulation Authority (ERA), KPC and the oil marketers that guide the Authority to verify the losses before payment. Mr. Deputy Speaker, Sir, during the period under review, no Bills or Petitions were referred to our Committee. In executing its mandate, the Committee noted a number of challenges that generally affect the energy sector and the operation of the Committee. Some of the challenges and proposed recommendations are-"
}