By Oluwaseun Sonde
Kenyan President, Uhuru Kenyatta has authorised an additional fuel subsidy of Ksh. 16.675 Billion, so as to cushion Kenyans from a further increase in fuel prices.
In a statement released by the State House Spokesman, Kanze Dana Mararo on Thursday, as the President understood that high fuel prices pose a significant challenge for every Kenyan household and collectively on the economy.
In response to these challenges, the Government has over the last year implemented a fuel stabilization programme that has offered reprieve to Kenyans at the pump through a subsidy of Ksh. 101.852 Billion, to date.
While this programme has ensured that Kenya's fuel prices remain the most affordable in the East and Central Africa region.
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.
The statement further stated that without such State interventions, the pump prices would have been Ksh. 193.64 for diesel, Ksh.209.95 for petrol and Ksh. 181.13 for Kerosene.
"As a caring Government, we will continue to roll out similar actions so as 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".
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