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Government Authorizes Ksh16 Bn Fuel Subsidy

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Fuel pricing is set to remain as it is for the next better part of the month as the president authorized a Ksh 16.7 billion fuel subsidy to cushion the consumers who suffer high costs of living currently.

As stated by State House spokesperson, Kanze Dena, “It is notified that His Excellency the President has today authorized an additional fuel subsidy of Ksh16.675 billion, so as to cushion Kenyans from a further increase in fuel prices. With today’s presidential action, diesel will continue to retail at Ksh140.00, petrol at Ksh159.12, and Kerosine at Ksh127.94. Without such State interventions, the pump prices would have been Ksh193.64 for diesel, Ksh209.95 for petrol and Ksh181.13 for Kerosene.”

President Uhuru while authorizing the subsidy reminded Kenyans that the Jubilee administration is going to do all it can to cushion the people from the high costs of living.

Uhuru,” being a caring government, we will continue to roll out similar actions so as to provide further direct relief to all Kenyan families and establish the necessary safeguards for protecting Kenyan consumers from further increases in the cost of living.”

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The fuel prices have been soaring incessantly since February 2022 despite having begun the year when the costs of super petrol, diesel, and kerosene at the time were Ksh129.72, Ksh110.60, and Ksh103.54 respectively as had been set in October 2021.

Arise in March as the government had increased the cost of fuel per liter by Ksh5 which saw petrol retail at Ksh134.72, diesel at Ksh115.60, and kerosene at Ksh103.54.

May also had the government announce an of Ksh5.50 per litre for all fuel products, stating that it had placed a subsidy of Ksh26 for super, Ksh30 for diesel, and Ksh50 for Kerosene.

Lately, the June price review by EPRA had the prices shift again with super petrol retailing at Ksh159.12, diesel at Ksh150.12 and kerosene at Ksh118.94. In five months, the cost of fuel has increased by Ksh30 per liter on average.

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