Overview
- Act: Petroleum Development Fund Act, No. 4 of 1991
- Formed: 1991
The Petroleum Development Levy Fund, established under the Petroleum Development Fund Act of 1991, collects levies on petroleum products to fund infrastructure development in Kenya’s petroleum sector. Its mandate includes financing distribution networks, storage
facilities, and sectoral projects to ensure stable and sufficient petroleum supply across the country. Managed by the National Treasury, the fund also supports regulatory compliance and environmental protection measures in the industry, enhancing the country’s energy infrastructure and contributing to economic stability.
Functions
- Fund Infrastructure Development: Supports the construction and improvement of petroleum industry infrastructure.
- Collect Petroleum Levies: Imposes and collects levies on petroleum products.
- Promote Petroleum Distribution: Funds projects that enhance the distribution network for petroleum across Kenya.
- Support Storage Facilities: Finances the establishment and maintenance of storage for petroleum products.
- Stabilize Petroleum Prices: Uses funds to cushion and stabilize fuel prices during fluctuations.
- Energy Security Enhancement: Ensures a reliable supply of petroleum products nationwide.
- Environmental Protection: Supports projects that ensure environmentally sustainable practices in the petroleum industry.
- Regulatory Compliance: Assists in enforcing petroleum sector regulations.
- Crisis Management: Funds emergency response mechanisms for petroleum shortages.
- Economic Stability Contribution: Contributes to the stability of the national economy through energy security.
Important Links
Address & Contacts
- Kasneb Towers II, Off Hospital Road, Upper Hill .
- P.O. Box 51614, 00100, Nairobi,Kenya
- MRW6+GF Nairobi
- info@petroleum.go.ke
- +254 (020) 3310112 |+254716508492