Members of Parliament have questioned the Energy and Petroleum Regulatory Authority (EPRA) over the latest fuel price increase and audit queries concerning its staff loan scheme.
The lawmakers, serving in Parliament’s Special Funds Accounts Committee, raised concerns over the regulator’s handling of the fuel price adjustment and financial management issues identified in audits covering the 2021/2022 to 2024/2025 financial years.
EPRA Director-General Edward Mwirigi attributed the October 14 fuel price hike to global supply disruptions linked to the ongoing conflict in the Middle East.
Mwirigi also warned that motorists and other fuel consumers could face further price increases if the international supply challenges persist.
The latest development comes amid heightened public concern over fuel prices, which have a direct impact on transport costs, the cost of living and the prices of essential goods and services.
Beyond fuel pricing, the committee is scrutinising audit queries relating to interest rates charged under EPRA’s staff loan scheme, budgetary controls and risk management practices.
The lawmakers are seeking explanations from the authority on the issues raised in the audit reports before determining the way forward.
The committee will review EPRA’s responses and use the findings to prepare its report.
The outcome of the review could provide further clarity on the regulator’s financial management practices and the factors behind the latest fuel price adjustment.
