An amount of $1.1 billion is needed by the government to procure fuel to enable the country to keep its plants running.
The Minister for Energy and Green Transition, John Jinapor, revealed this information when he appeared before the Parliamentary Committee on Energy today.
“We require about $1.1 billion to procure liquid fuel alone. Unfortunately, the liquid fuel is not part of the tariff structure, and so we will be buying close to $15 billion of liquid fuel, and that has to be paid by the central government.”
