×
App Icon
The Standard e-Paper
Join Thousands of Readers
★★★★ - on Play Store
Download Now

Kenya risks IMF wrath after Ruto's retreat on fuel subsidy

A fuel pump assistant fueling a vehicle at a petrol station along Kenyatta Avenue, Nairobi. [Edward Kiplimo, Standard]

The government on Tuesday signalled a U-turn on ending the fuel subsidies amid rising pressure to bring down the high cost of living.

The move could see the government incur the wrath of the International Monetary Fund (IMF), which has disbursed billions of shillings in financing to the new administration but has been against such subsidies.

Get Full Access for Ksh299/Week
Unlock the Full Story — Join Thousands of Informed Kenyans Today
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in