Ruto summons Kenya Kwanza leadership over fuel price scare
Ruto calls for a crisis meeting to address the looming fuel price hikes following CS Chirchir remarks
Ruto calls for a crisis meeting to address the looming fuel price hikes following CS Chirchir remarks.
In an interview Ghetto Radio on Tuesday, National Assembly budget committee chair Ndindi Nyoro revealed that Ruto summoned Kenya Kwanza leadership to address the crisis which could further push Kenyans into economic despair.
“The economy is heading in the right direction and we are doing our best. Fuel prices will not rise to the predicted levels,” Nyoro revealed.
This comes after on Monday Energy CS Chirchir informed the National Dialogue Committee (NADCO) that fuel prices could increase due to the current Israel war in Gaza.
Nyoro defended Chirchir stating that the Energy CS was misquoted by the media.
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“I read an article in the Financial Times the other day that because of the Hamas and Israeli War, the international prices could go up to USD150 (per barrel) and that would literally mean our products going to a high of Ksh300 at the pump,” CS Chirchir told National Dialogue Committee.
The Kiharu MP stated that Chirchir had meant that fuel prices would rise only if the current international climate remained constant.
This also comes after the Central Bank of Kenyan (CBK) noted that global crude prices have dropped, with neighbouring Tanzania reducing their pump prices.
The crisis meeting comes ahead of a review by the Energy and Petroleum Regulatory Authority (EPRA) of fuel prices on November 14.
Currently, fuel prices are retailing at a historic high of Ksh217.36 and Ksh205.47 for super petrol and diesel respectively.
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