Yinkusgold's Posts
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leokid866:Yes , eh hen? |
SaintLucia:Amen! Exactly! Ase wa!......gbam! fantastic ! ![]() |
leokid866:I heard Cameroonians protesting. Kenya has returned subsidy to cushion the effects of skyrocketing price. |
Kukutente23:Owe ni n paa fun 'ni ..... you gerrit...... |
Fanatics and intolerant folks! |
I said it just like Preesident Ruto returned subsidy he removed a day after his swearing in Kenya. |
SaintLucia:Exactly , fantastic! ![]() |
SaintLucia: gbam ! yes, that's the truth . ![]() |
SaintLucia:Confirm, gbam! ![]() |
Bluntguy:..... . Ok , dey enjoy the 1 trillion with him now, make him no return subsidy , you go learn. |
Tinubu should do the same. |
JetApartment:You are a joke |
The Energy and Petroleum Regulatory Authority (EPRA), on Monday, August 14, reinstated the fuel subsidy programme President William Ruto scrapped on September 15, 2022. In its review of this month's pump prices, the authority noted that the Petroleum Development Fund was reinstated to cushion Kenyans from higher fuel costs which was caused by the doubling of the Value Added Tax (VAT) on petroleum products from 8 to 16 per cent. EPRA further explained that the increased landing costs of fuel also occasioned the return of the subsidies which Ruto campaigned against and even accused the previous regime of misusing the funds to benefit select oil marketers. As per EPRA's calculations, the cost of Super Petrol was to hit Ksh202.01 without the subsidy programme- a difference of Ksh7.33 from the current prices. U The authority added that the reintroduced Petroleum Development Fund will thus be used to compensate importers of the commodity at Ksh7.33, Ksh3.59 and Ksh 5.74 per litre of petrol, diesel & kerosene, respectively. With the subsidy in place, the government ensured that fuel costs for the period starting August 15 to September 14 remained unchanged. Super Petrol, Diesel, and Kerosene will retail at Ksh194.68, Ksh179.67, and Ksh169.48, respectively. "In order to cushion consumers from the spike in pump prices as a consequence of the increased landed costs, the government has opted to stabilize pump prices for the August-September 2023 pricing cycle," EPRA explained. "Oil Marketing Companies will be compensated from the Petroleum Development Fund," it added. Uhuru's Subsidy Former President Uhuru Kenyatta's administration initiated the subsidy programme to moderate pump prices, which also influence the prices of essential commodities such as foodstuffs. Kenya, under Uhuru, spent an average of Ksh7.65 billion monthly to subsidise diesel, super and kerosene. His successor, President William Ruto, was one of the most prominent critics of the subsidy programme, which he described as unstainable. Ruto expressed concern that few individuals were benefitting from the programme at the expense of the taxpayers who had to foot the bill for the importers. Former President Uhuru Kenyatta speaking during the Jubilee Party National Delegates Convention (NDC)on May 22, 2023. Former President Uhuru Kenyatta speaking during the Jubilee Party National Delegates Convention (NDC)on May 22, 2023. PHOTO JUBILEE PARTY "On fuel subsidy alone, the taxpayers have spent a total of Ksh144 billion, a whopping Ksh60 billion in the last four months," Ruto stated during his September 13, 2022 inauguration. "If the subsidy continues to the end of the financial year, it will cost the taxpayer Ksh280 billion, equivalent to the entire national government development budget," he added. IMF's Stance on Subsidies Removal of the subsidies was said to be among the conditions set by the International Monetary Fund (IMF) to grant loans to President William Ruto. "The authorities intend to continue gradually realigning domestic to global fuel prices in the financial year 2022/23 so as to eliminate the fuel subsidy by October 2022,” the IMF said in the third programme review for Kenya's Ksh270.2 billion ($2.34 billion) loan package. “The authorities also plan to complete by end-July 2022 a review of the application of Kenya’s fuel pricing mechanism and constitute a task force to oversee the progressive elimination of the fuel subsidy within the first half of FY2022/23 and to ensure that fuel pricing actions are at all times aligned to the approved budget (new structural benchmark)," IMF added in July this year. It is yet to be clear whether IMF approved Kenya's fiscal policy changes, especially after praising Ruto for sustaining the economy. However, in recent months, Ruto criticised the IMF and World Bank for issuing loans with strict conditions and called for a robust system that guarantees financial freedom. HumbledbyGrace mukina2 osystein pls front page/main page /general page. |
Nazgul:Inferior complex. |
SaintLucia: fantastic omo ale is saying the truth. |
Attraction for lesbians. |
Comment from a politician who is loyal to a western stooge. Terrorisms are likely sponsored by France and the West. Gold diggers and exploiters. |
SaintLucia: correct. |
SaintLucia:Yes correct ![]() |
Shame dey catch am. |
SaintLucia:Correct, nice and true. ![]() |
SaintLucia: exactly that's what you wrote , go back to the truth you wrote about your wretched and silly family, your mother's vagina that stinks like your family are all written there,. go back there, omo were , omo aja and check it , that's why I said yes to it. ![]() |
SaintLucia:Exactly the truth ![]() |
aswani:It's part of the requirements, IAM not talking about it being mandatory or not mandatory. |
aswani:Yes , court is about fact and not about truth.. But you can't say Obi didn't bring witnesses across the nation. |
aswani:I agree with you that allegations are just allegations till they are proven, but you are inadequate, when you say Obi didn't worry about Lagos' election in the court, that's not true... Don't be emotional, we will know if what he tendered will work for him or not. |
aswani:Please sincerely check your Internet ,, I am quite busy , IAM doing things at the same time Transmission is part of the provisions for new electoral act, I am not talking about their discretion. |
aswani:Are you an objective discussant or a politician because I don't like this insincerity. "Some electoral officers did some poor job and didn't upload properly and their server went down at that moment,.... bla bla bla..see talk.... Their server went down or a deliberate effort to stop uploading in real time Nationwide, evidences and correspondence abound Nationwide to this effect. I wonder the reason for the IREV in the first place. Let them calculate , I hope the papers from each party will tally. |
Perfectbeing:There are allegations that Obi's result is surpresed in Lagos, get that right. You must be wicked , if you call what happened between Sanwo Olu and GRV election......I don't need to say what every honest person knows. |
aswani:Deceive yourself with your bias mind, Did they introduce IREV for the sake of researchers? Hell no! When there are forging and changes , and papers don't tally , they fall back to IREV , this is the essence of new electoral law. IREV , so called glitch and hacking, were prepare and budgeted for. |
gillz:If Abuja is part of the requirements, then you don't have to win it, it's just 25% and we won't restrict the whole election to Abuja |
SaintLucia:Mine are not like your family members who reside in uncomplete building and live a wretched life and can't afford to buy data for you but allow you their last born in that latrine rely on free daily data from opera mini, olosi your family members are wretched and derelict that they can't even contribute a dime to give to you, their last born to look for your father who raped that woman , your mother in latrine over there to make you a product of out-of-wedlock conception.Werey , jobless , useless, fraudster, 4 days kill you there ! Olodo , when you don't have any positive engagement, jobless, thief ![]() |
I SaintLucia and my mother go tire, na here we go die