Kenya's fuel prices have sharply risen, with diesel now priced at 206 Kenyan shillings ($1.6) per litre, marking a substantial hike of 40 shillings, while petrol is also up by 28 shillings. This increase occurs despite a recent cut in the value-added tax from 16% to 13%, reflecting global oil price pressures exacerbated by the ongoing conflict in Iran. The new pricing will remain effective until the next review on May 14.
Reports of fuel shortages in some areas have sparked concerns, though the government contends that there are sufficient stocks. There are allegations that certain fuel companies are hoarding supplies. Additionally, a controversial consignment of allegedly substandard fuel imported under questionable circumstances has led to public outrage and demands for accountability.
The lifting of import restrictions between Iran and the U.S. has added complexity to the situation as international supply chains are still disrupted by the ongoing conflict. Amid a backdrop of increasing global oil prices, other African nations are taking measures to mitigate the impacts, including tax cuts and rationing, to cushion citizens from the financial strain.
Reports of fuel shortages in some areas have sparked concerns, though the government contends that there are sufficient stocks. There are allegations that certain fuel companies are hoarding supplies. Additionally, a controversial consignment of allegedly substandard fuel imported under questionable circumstances has led to public outrage and demands for accountability.
The lifting of import restrictions between Iran and the U.S. has added complexity to the situation as international supply chains are still disrupted by the ongoing conflict. Amid a backdrop of increasing global oil prices, other African nations are taking measures to mitigate the impacts, including tax cuts and rationing, to cushion citizens from the financial strain.
