Fuel prices to remain unchanged as Gov’t cushions Kenyans with over sh.16b subsidy

Pump prices go down in new fuel prices./COURTESY

The current fuel prices will remain the same for the period 15th July to 14th August.

This follows an injection of an additional fuel subsidy of sh.16.675b to cushion Kenyans from a further increase in fuel prices.

According to a statement from the Office of the President, the subsidy is part of a ‘fuel stabilization program’ that has offered reprieve for Kenyans at the pump through a subsidy of sh.101.852b to date since the program was started last year.

“With today’s presidential action, diesel will continue to retail at Ksh.140.00, petrol at Ksh.159.12 and kerosene at Ksh.127.94,” read the statement.

The subsidy came ahead of the monthly fuel review by Energy and Petroleum Regulatory Authority.