Good news for Kenyans after President William Ruto issued a directive that will reduce the price of Diesel in the next fuel cycle.
Speaking from Mombasa, the Head of State confirmed that he had issued a directive that the price of Diesel should go down by Ksh 10.
“To further cushion Kenyans, I have directed a KSh10 reduction for diesel in the June-July pricing cycle.” he said
According to President William Ruto, the issue of increased fuel prices has affected many countries and that the challenge is not unique for Kenya.
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He continued by saying that the government has cushioned Kenyans by spending Ksh 28.19 billion and reducing VAT on fuel to 8 percent.
“We are fully aware of the frustration, pain and burden that families, businesses, farmers and transporters have endured due to rising fuel prices over the past few weeks.
The truth is this: Kenya is facing the effects of a global fuel crisis caused by the ongoing conflict in the Middle East. This challenge is not unique to Kenya. Across the world, countries are grappling with rising fuel prices, supply shortages and disruptions in the global supply chain.
Since the beginning of this crisis, we have responded decisively to cushion Kenyans from high fuel prices and to ensure the country continues to enjoy a stable and uninterrupted fuel supply under the Government-to-Government framework.
In the April-May and May-June pricing cycles, the Government has spent KSh28.19 billion on fuel price support through direct stabilisation measures and Value Added Tax (VAT) relief of 8 per cent, protecting millions of Kenyans from even greater hardship.
Without Government intervention during this period, Super Petrol would retail at KSh230 a litre instead of the current KSh214. Diesel would retail at KSh277 instead of KSh232, while kerosene would retail at KSh270 instead of KSh191,” he said