Relief as State retains fuel prices, cuts margins for oil companies

Fuel pumps at a petrol station in Nairobi [Elvis Ogina, Standard]

Kenyans have been handed a reprieve after the government retained fuel prices at the same levels as last month’s but slashed margins for oil marketing companies.

In yet another costly initiative for the State, consumers will be spared a hike of about Sh4 per litre of super petrol and Sh3 per litre of diesel this month, with the National Treasury expected to pick the tab in the coming weeks.