President William Samoei Ruto has reversed his position on the historic elimination of all gasoline subsidies, which he first expressed earlier today.
State Head Dr. William Samoei Ruto revealed in an exclusive interview with the Business Daily that the subsidy program instituted by the previous Government will continue during his tenure.
Dr. William Samoei Ruto, the president, made the decision to end fuel subsidies in September of last year, citing the unsustainable burden they placed on public resources meant for development.
However, in light of the recent spike in inflation, the Head of State has reversed course and stated that his administration will distribute the cost of the subsidy among the country's gasoline consumers.
Diesel in Kenya is subsidised by Ksh 19.39 per litre, with consumers paying Ksh 8.54 per liter and the Kenyan government chipping in Ksh 10.85 per liter in the December review on fuel pricing schedule, which is set to end on the 14th of January.
https://www.businessdailyafrica.com/bd/economy/oil-marketers-paid-sh87-8bn-subsidy-in-nine-months—4079986
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