Russia-Ukraine conflict ruins Kenya fuel subsidy

total fuel service station


Business Daily | by John Mutua


Kenya’s fuel subsidy that has kept pump prices unchanged for four months in a row has been crippled in the wake of the Russia-Ukraine war that pushed crude oil prices to a 14-year high.

Government sources say the Treasury will struggle to pay oil marketers more than Sh25 billion over the next two months to keep pump prices unchanged despite a jump in the cost of shipping the commodity…

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