Rise in the Cost of Fuel a day after President William Ruto Promises Kenyans Affordable Living

The Energy and Petroleum Regulatory Authority (EPRA) has reviewed the fuel prices in the country. This comes after the elimination of fuel subsidies by the government.
In Nairobi, a litre of petrol is expected to cost sh. 179.30 from its earlier price, which was sh.159.12. Diesel will cost sh. 165 from 145, which was early per litre. Kerosene has also increased from sh. 147.94 tosh. 127.94. The rise is of about 20 shillings.
The new prices take effect from Thursday 15th September at midnight.
On Tuesday, after the swearing-in of the new president of the republic of Kenya, Dr William Ruto, he said that there should be an elimination of subsidies on fuel and food.
“During our campaigns, citizens consistently shared their anxiety, their pain, their fury on this matter. It, therefore, calls on us for urgent and decisive resolution.” Said Ruto.
“The interventions in place have not borne any fruit. On fuel subsidy alone, the taxpayers have spent a whopping 144 billion—60 billion in the last four months alone. In addition to being very costly, consumption subsidy interventions are prone to abuse, distort markets and create uncertainty, including artificial shortages of the products they seek to subsidize,” he added.
The president also said that their strategy of raising the cost of living is predicated on empowering producers.
Last year, the fuel subsidy program was implemented in the March 15-April 14 pricing cycle. This is the largest hike that has been witnessed since then.