Subsidy hitch lifts fuel prices to all-time high

fuel prices, fuel subsidy, petroleum development levy


Business Daily | by John Mutua


The State has partially withdrawn a fuel subsidy imposed last year, sending diesel and petrol prices to an all-time high in the first increase since October.

The Treasury will pay marketers an estimated Sh9.75 billion to curb a sharp rise in fuel prices in the wake of the Russia-Ukraine war, which has triggered a rally in commodities like crude oil and crippled the subsidy scheme…

Read more…


LEAVE A REPLY

Please enter your comment!
Please enter your name here