Gachagua Claims Fuel Price Windfall Used to Fund Tullow Oil Acquisition Deal

Gachagua stated that the cost of fuel in the country had become a burden on households and businesses. Breaking It Down Gachagua claimed he had received information suggesting that revenues allegedly derived from elevated fuel prices and associated business interests connected to President William Ruto and his allies were being used to finance the acquisition of Tullow Oil assets in Turkana valued at approximately USD 120 million. He did not pr

05/16/26  •  3 Views

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Gachagua stated that the cost of fuel in the country had become a burden on households and businesses.

📻 Breaking It Down

Gachagua claimed he had received information suggesting that revenues allegedly derived from elevated fuel prices and associated business interests connected to President William Ruto and his allies were being used to finance the acquisition of Tullow Oil assets in Turkana valued at approximately USD 120 million.

He did not provide evidence to substantiate the claim but urged scrutiny over fuel pricing and the management of petroleum sector revenues, questioning whether Kenyans were benefiting from the current pricing structure.

Gachagua stated that the cost of fuel in the country had become a burden on households and businesses, arguing that any gains from the petroleum sector should be reflected in lower prices for consumers rather than private investments.

📌 What You Need to Know

The remarks come amid ongoing public debate over rising fuel prices and the cost of living, which opposition leaders have consistently blamed on government policy decisions and global oil market dynamics.

Tullow Oil, which operates in Kenya’s Turkana region, has in recent years been involved in efforts to develop the country’s crude oil resources, though commercial production has faced delays due to infrastructure and investment challenges.

The allegations are likely to intensify political tensions as leaders position themselves ahead of the 2027 election cycle, with fuel prices remaining a key national issue.

The former lawmaker also accused the government of neglecting farmers in Mwea by allowing excessive rice imports.

Maraga blamed poor resource management and overreliance on imported energy for exposing Kenyans to recurring economic hardships.

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📰 Source: Capital FM Kenya

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