By Samuel Ouma
The Government of Kenya, on Thursday, July 14, 2022, announced a Ksh16 billion fuel subsidy to cushion Kenyans from a further increase in fuel prices.
“It is notified that His Excellency the President has today authorized an additional fuel subsidy of Ksh16.675 billion,” read part of the statement released by the State House.
Following the new move, diesel will continue to retail at Ksh.140.00, petrol at Ksh.159.12, and Kerosine at Ksh.127.94.
Without the subsidy, the pump prices would have been Ksh. 193.64 for diesel, Ksh.209.95 for petrol, and Ksh. 181.13 for Kerosene.
The government of Kenya has spent Ksh101. 852 billion in the fuel stabilization programme since 2021.
The programme has ensured that our fuel prices remain the most affordable in East and Central Africa.
Meanwhile, Uhuru Kenyatta’s administration has vowed to continue rolling out similar actions to provide further relief to all Kenyan families. It will also establish the necessary safeguards for protecting Kenyan consumers from further increases in the cost of living.