Fuel prices to hit highest in Kenya’s history without subsidy

fuel prices, fuel subsidy, petroleum development levy


Business Daily | by John Mutua


Petrol prices will from midnight increase to the highest level in Kenya’s history unless the State subsidises the rising crude oil costs, which may further stoke public outrage over the high cost of living.

Estimates from the oil marketers indicate that fuel prices could increase by up to Sh40 a litre in the absence of a subsidy, pushing the cost of petrol and diesel to Sh174.72 and Sh155.60 respectively in Nairobi — which will be the highest in Kenya’s history…

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