Kenya's Ruto Upholds Fuel Price Strategy Amid Global Oil Pressures

President William Ruto has reaffirmed his government's efforts to stabilize fuel prices despite rising global oil costs. During a church service, he highlighted the government's commitment to keeping fuel affordable. EPRA reduced diesel prices by Sh10 per litre, lowering the cost in Nairobi to Sh222.86. Super Petrol saw a small decrease, while kerosene prices remained the same. Ruto credited government actions for protecting consumers from international market fluctuations. He noted that other countries faced fuel shortages, but Kenya maintained supply. The price cut was made possible by a Sh10 billion subsidy from the Petroleum Development Levy Fund. EPRA stated the subsidy helped keep diesel and kerosene prices stable. Despite some decline in imported petrol costs, diesel prices rose due to global market conditions. The government continues to focus on easing the financial burden on Kenyan households and businesses.

The decision highlights the government's efforts to manage domestic fuel costs amid volatile international oil markets.