- Kenyans are crying all the way to the pump after fuel prices skyrocketed on Sunday after the government removed a subsidy introduced by former President Uhuru Kenyatta to cushion Kenyans.
The historic price hikes resulted from a move by the President William Ruto government to remove a subsidy instigated by former President Uhuru Kenyatta in April 2021 to cushion Kenyans from the high cost of living.
Kenyans are crying all the way to the pump after fuel prices skyrocketed on Sunday after the government removed a subsidy introduced by former President Uhuru Kenyatta to cushion Kenyans.
The move announced by the Energy and Petroleum Regulatory Authority (EPRA) will further hike the cost of living at a time most Kenyans are struggling to meet their basic demands.
EPRA announced that the prices of super petrol will increase by Sh3:40 a litre, diesel Sh6:40 per litre and kerosene Sh15.19 per litre in the monthly review released on Sunday midnight.
In Nairobi, a litre of super petrol will for the next one month retail at Sh182.70 a litre, a litre of diesel at Sh168.40, while Kenyans relying on Kerosene will purchase it at Sh161.13 a litre.
The historic price hikes resulted from a move by the President William Ruto government to remove totally a subsidy on diesel and kerosene put by Uhuru in April 2021 to cushion Kenyans from the high cost of living.
“The subsidy on diesel and kerosene has been removed,” said EPRA Director General Daniel Kiptoo.
In accordance with Section 101(y) of the Petroleum Act 2019 and Legal Notice No.192 of 2022, @EPRA_Ke has calculated the maximum retail and wholesale prices of petroleum products which will be in force from 15thMay 2023 to 14th June 2023.^DC pic.twitter.com/eX4OcpXprh— Energy and Petroleum Regulatory Authority (@EPRA_Ke) May 14, 2023
The revised fuel costs are set to ignite a further rise in the cost of commodities prompting inflationary pressure as manufacturers and service providers adjust their prices accordingly.
The move is expected to push further up the cost of living for most families that are already grappling with the high cost of food, fuel and electricity as well as services across board.
This comes as Treasury Cabinet Secretary, Prof Njuguna Ndung’u, is pushing the National Assembly to adopt a government recommendation to hike the Value Added Tax (VAT) on petroleum products from 8 to 16 per cent, a move that will further increase fuel prices.