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Oil dealers risk sanctions over Sh754m

Eight local oil dealers risk being sanctioned by the government for failing to remit their statutory annual training contributions as well as service fees amounting to Sh754.1 million.

Energy Principal Secretary Joseph Njoroge issued this warning before the National Assembly Public Accounts Committee (PAC) on Tuesday, noting not one will be spared.

Mr Njoroge listed three organisations – Lion Petroleum Corporation, A-Z Limited and Rift Kenya Limited – as among those yet to comply with the legal requirement.

“This money should have been collected and sanctions issued against the eight companies for non-payment of the statutory fees,” the PS told the watchdog committee chaired by Ugunja MP Opiyo Wandayi.

He said, however, that the ministry was consulting the companies on why their non-compliance.

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