John Mbadi Signals Possible Fuel Price Cuts in November-December Review

Kenyan Treasury Cabinet Secretary John Mbadi said the government may use the fuel stabilisation fund to reduce pump prices in the November review. The government held back funds during October’s review, anticipating higher global energy demand as Europe entered winter. The announcement follows an EPRA price increase that brought Nairobi prices to KSh226.96 per litre for super petrol, KSh227.76 for diesel and KSh219.87 for kerosene. Mbadi defended fuel subsidies and petroleum levies, including the Road Maintenance Levy, as necessary sources of funding.