Highlights

Kenya fuel shortage persists ahead of price changes

President Kenyatta signed a supplementary budget that unlocked Sh34.4 billion for the fuel subsidy

The countrywide shortage of fuel in Kenya is in its second week despite the government assuring Kenyans that there are enough petroleum products.

The shortage has continued to haunt motorists as uncertainty persist on when supply will resume normalcy ahead of the monthly review this Thursday.

On Friday, Energy Cabinet Secretary Monica Juma said that a ship carrying 100 million litres of super petrol had docked at the Kipevu Oil Terminal.

President Uhuru Kenyatta had earlier signed a supplementary budget that unlocked Sh34.4 billion for the fuel subsidy programme.

Currently, diesel and petrol prices are at Sh115.60 and Sh134.72 for the month to April 15 respectively, according to the last monthly review by the Energy and Petroleum Regulatory Authority (EPRA).

The sharp rise in fuel prices in the wake of the Russia-Ukraine war has triggered a rally in commodities like crude oil and crippled the subsidy scheme.

International oil prices declined during the week ending April 7, attributed to an inventory buildup and a planned release of oil from strategic reserves of International Energy Agency members, according to the CBK weekly bulletin.

~WakenyaCanada

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