Fuel prices are set to remain unchanged for July following a directive by President Uhuru Kenyatta on Thursday.
In the directive announced by State House Spokesperson Kanze Dena, diesel will continue to retail at Ksh 140.00, petrol at Ksh 159.12, and Kerosine at Ksh 127.94 after the Head of State authorized an additional fuel subsidy of Ksh 16.675 Billion.
“It is notified that His Excellency the President has today authorized an additional fuel subsidy of Ksh 16.675 Billion, to cushion Kenyans from a further increase in fuel prices. With today’s presidential action, diesel will continue to retail at Ksh 140.00, petrol at Ksh 159.12, and Kerosine at Ksh 127.94,” said President Kenyatta.
Without such State interventions, the President noted that pump prices would have been Ksh 193.64 for diesel, Ksh 209.95 for petrol, and Ksh 181.13 for Kerosene.
“In response to these challenges, the Government has over the last year implemented a fuel stabilization program that has offered a reprieve to Kenyans at the pump through a subsidy of Ksh 101.852 Billion, to date,” he said.
The fuel stabilization program has ensured that fuel prices remain the most affordable in the East and Central Africa Region, further cushioning Kenyans from the high cost of living already experienced.
“As a caring Government, we will continue to roll out similar actions 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,” said President Kenyatta.
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