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Fuel price hikes loom as state agencies plan subsidy cuts

A car being fueled at petrol station. [File, Standard]

Kenya is set to reform its fuel pricing mechanism in a move that could lead to higher prices of petroleum products in the country.

The government told the International Monetary Fund (IMF) that it aims to align domestic fuel prices with budgeted resources and completely phase out fossil fuel subsidies to enhance its financial discipline.

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