Ruto orders reduction of diesel prices by Ksh 10 in next EPRA review
President William Ruto has directed a reduction in diesel prices by KSh 10 per litre in the June-July cycle.
President William Ruto has directed a reduction in diesel prices by KSh 10 per litre in the June-July cycle.
Speaking on Friday, May 22, during a press briefing at State House, Mombasa, Ruto said the directive follows consultations from stakeholders in the transport sector.
The Head of State said the reduction of Diesel prices by KSh 10 per liter will help stabilize pump prices and provide relief to consumers.
“After consultations with the leaders from the transport sector, we had many hours of consultations with them yesterday.
“I have directed that in the next pricing cycle we are going to further reduce the price of diesel by Ksh10 for the June-July cycle to stabilize pump prices and provide additional relief to consumers,” Ruto announced.
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At the same time, the President directed the Ministry of Transport to engage financial institutions to provide temporary relief to transport operators.
“The Ministry of Transport will engage financial institutions and the banking sector to provide a platform for transport operators to address the financial challenges arising from the current crisis, including the possibility of temporary relief on lending terms within the sector,” Ruto stated.
This comes days after matatu operators went on strike over fuel price hike, paralyzing public transport across the country.
On Tuesday, May 16, the matatu operators suspended their strike for one week to allow room for negotiation between the government and stakeholders in the public transport industry.
The announcement was made by Interior Cabinet Secretary Kipchumba Murkomen, who revealed that the government and stakeholders had agreed to hold discussions at a high level.
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