President Ruto rules out the Maize flour subsidy adding that his government will not subsidize consumption.
It is a tough time ahead for Kenyans as President William Ruto has ruled out plans to subsidize the price of maize flour.
Speaking today in Naivasha, president William Ruto said he is not going to subsidize consumption stating that his focus is to help producers by reducing the price of fertilizer.
“We are not going to subsidize consumption, we are going to work and support producers… It is not about how much money you spend but where you spend it to get value for every coin,” said President William Ruto.
He added that the Ksh 100 UNGA subsidy that was introduced one month prior to the August general elections cost the taxpayer a whopping Ksh 7 billion for only one month yet it wasn’t available.
“The Ksh 100 Unga Subsidy for one month, the taxpayers gave Ksh 7 Billion and it still wasn’t available,” he added.
The move comes after Ruto’s government ended the fuel subsidy scheme that had provided respite to motorists during the previous year, and petrol prices in Kenya have risen to an all-time high.
A litre of gasoline costs Sh179.30 and a litre of diesel costs Sh165.00 in Nairobi.
Kerosene will cost Sh147.94 per litre starting on Thursday, September 15.
President William Ruto announced the end of the fuel relief program in his inauguration address on Tuesday, September 13 because it was severely damaging Kenya’s economic stability.
The high cost of fuel is set to skyrocket the price of maize flour following the increase in the price of petroleum products.
This is likely to increase the cost of living in the country as a result of an increase in the price of basic commodities.