Kenyans are facing growing uncertainty after the government confirmed that current fuel prices will remain unchanged until the next review by the Energy and Petroleum Regulatory Authority on June 14.
The announcement was made by Treasury Cabinet Secretary John Mbadi amid increasing protests and transport disruptions in different parts of the country.Speaking during a press briefing in Nairobi, Mbadi explained that the recent rise in fuel prices was mainly caused by international factors beyond Kenya’s control.
He pointed to the ongoing tensions involving the United States and Iran, saying the conflict had disrupted global fuel supply chains and increased the cost of importing petroleum products into the country.The sharp rise in fuel prices has already affected many sectors of the economy.
Public transport operators have complained that the increased cost of diesel and petrol has made it difficult for them to continue operating normally. In several towns, commuters were forced to wait for hours after some matatu operators reduced the number of vehicles on the roads while others threatened to increase fares.
Many Kenyans also fear that the higher fuel prices will lead to an increase in the cost of food and other basic commodities. Traders have warned that transportation costs for goods have gone up, forcing some businesses to consider adjusting prices.
Consumers, especially low-income families, are worried that life may become even more expensive in the coming weeks.Despite the public outcry, Mbadi assured citizens that the government is monitoring the situation closely. He revealed that authorities are considering possible interventions, including subsidies through the Petroleum Development Levy Fund, to help stabilize fuel prices during the next review cycle.
The Treasury CS also appealed to transport operators to reconsider the ongoing strike, warning that continued disruptions could slow down economic activities and make the situation worse. As Kenyans wait for the next fuel review, many hope the government will find lasting solutions to protect citizens from the rising cost of living cost
Spiro, Africa's leading electric mobility company, has published its inaugural Sustainability Report. The publication provides…
The Communications Authority of Kenya (CA) has introduced new regulatory requirements for the importation and…
Kenya's paint manufacturing industry is urging the government to introduce targeted tax incentives to support…
Nairobi Senator Edwin Sifuna declared that President William Ruto’s ruling coalition will fail to gain…
The Director of Public Prosecutions (DPP) told the High Court in Kibera that the death…
Nairobi County has missed out on a share of a Sh5.7 billion World Bank-backed funding…