Uhuru moves in to stop fuel price hike ahead of EPRA review

Kenya’s president Uhuru Kenyatta. [File, Standard]

The prices of fuel will remain unchanged over the next one month after President Uhuru Kenyatta on Thursday, July 14 okayed the release of Sh16.68 billion for the subsidy programme.

That means that a litre of petrol in Nairobi will continue to retail at Sh159.12, diesel Sh140.00 and kerosene Sh127.94.

“Without such State interventions, the pump prices would have been Sh193.64 for diesel, Sh209.95 for petrol and Sh181.13 for kerosene,” State House Spokesperson Kanze Dena-Mararo said in a statement on Thursday.

The Energy and Petroleum Regulatory Authority (EPRA) was scheduled to announce the revised prices later Thursday.

Business
Kenya's John Musunga to replace Magunda as CEO Guinness Nigeria
Business
William Ruto's order on port takes effect, impact not yet felt
By Patrick Kibet 4 hours ago
Business
Counties development spending drops - report
By Brian Ngugi 9 hours ago
Business
Premium Inflation headache for CBK as shilling tumbles to record low