Expect fuel prices to rise by KSh10 every month till February, 2024; Trade Cabinet Secretary tells Kenyans.
Trade Cabinet Secretary Moses Kuria has told Kenyans to brace themselves for fuel hikes every month going forward.
According to the CS, fuel prices will increase by Ksh10 every month until February 2024.
Ministry of Investment, Trade and Industries Cabinet Secretary Moses Kuria said on Friday that the prices will be increasing as the Global Crude Prices are on an upward trajectory.
“Global Crude Prices are on an upward trajectory. For planning purposes expect pump prices to go up by Ksh10 every month till February,” Kuria said in a statement.
His statement comes even as Kenyans continued to express their anger after the government announced sky-high fuel prices.
Fuel prices have crossed a record Sh200 mark for the first time in Kenya’s history, with the rate rising by as much as Sh20 for every litre.
Revised the prices upwards as follows; Super Petrol by Sh16.96, Diesel by Sh21.32 and Kerosene by Sh33.13.
This means the pump prices will be as follows; Super Petrol at Sh211.64, Diesel at Sh201 and Kerosene at Sh202.13 per litre in Nairobi.
The sudden hike has left Kenyans reeling at a time when the country is grappling with a high cost of living.
The hike has elicited mixed reactions from Kenyans who have called out President William Ruto on his campaign promises to lower the cost of living.
In response, David Ndii, the Chairperson of the Council of Economic Advisors, attributed the fuel price increases to the previous government’s huge appetite for borrowing.