HomeBusinessPetrol prices may rise. 

Petrol prices may rise. 

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If the government ultimately decides to eliminate the fuel subsidy, the price of a liter of regular unleaded gasoline is expected to reach a high of Sh215 on September 14.

This is could be the first headache for President William Ruto who will be sworn in on Tuesday 13th.

A recent monthly inflation reading of 8.5% has prompted analysts to predict that Ruto’s first big task would be to stabilize fuel costs. A recent monthly inflation reading of 8.5% has prompted analysts to predict that Ruto’s first big task would be to stabilize fuel costs. Voters will be expecting a miracle from Ruto.

Kenya pledged to terminate the fuel subsidy by October in the third assessment of the International Monetary Fund’s (IMF) $2.34 billion loan. Consumers have been cushioned from the effects of rising worldwide prices thanks to the subsidies.

Since its inception about a year ago, this effort has reduced retail fuel prices by more than Sh20 per liter; yet, the foreign lender has been vocally opposed to it.

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