The government has retained fuel prices the first time in five months over an additional Ksh.16.675 billion subsidy program.
The announcement has been made known this afternoon by the State House Spokersperson Kanze Dena saying that stabilization fund is meant to cushion Kenyans from a further increase in the cost of living.
"The President understands that high fuel prices pose a significant challenge for every Kenyan household. In response to these challenges, the government has over the last year implemented a fuel stabilization programme that has offered reprieve to Kenyans at the pump through a subsidy of Ksh.101.852 Billion, to date,” said Kanze Dena.
For the past five months, fuel prices have increased by Ksh.5 for super petrol and diesel on March 14, Ksh.9.90 for all three products on April 14, Ksh.5.50 on May 14 and Ksh.9 on June 14.
But with the new directives by President Uhuru Kenyatta, petrol will retail at Ksh.159.12, diesel at Ksh.140.00, and kerosene at Ksh.127.94 in Nairobi.
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