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      BOKA Aims to Host Two Prestigious International Karate Competitions

      Mixed fortunes for BOKA: Sets Sights on Ambitious Goals for 2024

      Botswana to host Africa Youth games

      Botswana to host Africa Youth games

      Less Rewards for The Mares after Historic WAFCON Feat

      Mares eye TotalEnergies Women Africa Cup of Nations qualification

      No House For Tebogo Despite Astral Performance in Budapest

      BNOC Leaves BAA on The Dark Regarding Paris Olympics Preps

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      Kenya: Kenyatta approves US$141m fuel subsidy to cushion consumers from price hikes

      mm by RMB Africa Research
      July 15, 2022
      in News
      Reading Time: 1 min read
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      Kenya: Kenyatta approves US$141m fuel subsidy to cushion consumers from price hikes

      Uhuru Kenyatta Source: All Africa

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      Yesterday, President Uhuru Kenyatta approved an additional fuel subsidy of KES16.7bn (US$141m) to cushion consumers from further fuel price hikes. This means that diesel will continue to retail at KES140 per litre for the next month, gasoline at KES159.12, and kerosene at KES127.94. Without the intervention, diesel would have jumped 38 percent, gasoline by 32 percent, and kerosene by almost 42 percent. The subsidy appears to be a reversal in Kenya’s stance after National Treasury last month said it would halt the subsidies in the fiscal year that began 1 July 2022, as the spending was likely to inflate public debt to unsustainable levels and disrupt plans to ease the burden of liabilities.

      Tags: Uhuru Kenyatta

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