Millions of Kenyans who have been suffering due to high fuel prices will soon be alleviated, as the price of gasoline and diesel is projected to fall. According to The NTV media, the price of fuel at various gas stations statewide is Ksh 179.30. Kenyans, on the other hand, currently pay ksh 165 per liter of fuel.
Fuel prices skyrocketed in September and October, shortly after President William Ruto took office. This was due to the withdrawal of subsidies by the Uhuru Kenyatta administration.
Pump prices are expected to fall for the first time in nearly a year due to a substantial drop in the price of imported refined fuel.
The price of refined fuel has dropped dramatically, resulting in price drops for imported super, diesel, and kerosene. This has allowed pump prices to fall, providing customers with relief from growing living expenses.
The presidents of Tanzania and Uganda, Samia Suluhu and Yoweri Museveni, were both present at the summit. The chiefs of state discussed issues with the administration and the nation's progress.
The president promised that his administration will develop a long-term strategy to reduce the cost of living as well as the expense of unga. He believes that the emphasis will shift from supporting consumption to subsidizing output.
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