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Concern Over Rising Fuel Costs

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Many were surprised when President William Ruto declared his administration’s intention to withdraw the fuel subsidy program, calling it unsustainable.

In his inaugural address on September 13th, he mentioned that Kenyans have spent a total of Ksh.144 billion in taxes on the subsidy program, with Ksh.60 billion of that coming in only the last four months.

Furthermore, he claimed that this had caused an artificial shortage of the goods and imposed extra strain on the National Treasury.

“If the subsidy continues to the end of the financial year, it will cost taxpayers Ksh280 billion, equivalent to the entire national government development budget,” he stated.

Energy Petroleum and Regulatory Authority (EPRA) was scheduled to announce new prices today on September 14, therefore this action caused concern among the product’s consumers.

The current prices in Nairobi for a liter of super petrol, diesel, or kerosene are Ksh159.12, Ksh140.00, and Ksh127.94.

As a result of his declaration, shortages and restrictions have begun at some gas stations. Some areas of the country had extremely long wait times, leading to last-minute frantic shopping before the review.

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