Kenya to Launch Diesel Price Stabilization Fund

fuel prices, fuel subsidy, petroleum development levy
[Image source: Pond 5]

Kenyan Wall Street | by Eunniah Mbabazi

Kenya has announced plans to set up a diesel price stabilization fund, a move that seeks to reduce the volatility in the price of the fuel.

A stabilization fund is a mechanism that a government sets up to prevent the economy from large influxes of revenue from products such as oil.

A primary motivation is maintaining a steady level of government revenue…

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