LSK demands audit of the oil pricing formula

The Law Society of Kenya is calling for an audit of the government-to-government oil importation arrangement, as well as full disclosure of the fuel pricing formula by the regulatory authority. Blaming the rising fuel prices on the secrecy surrounding the oil importation deal, LSK president Charles Kanjama is urging the government to review the current pricing regime, saying it is placing immense pressure on key sectors of the economy and driving up the cost of living.