- The Cabinet Secretary of the National Treasury, John Mbadi, has confirmed that the increased fuel prices will remain unchanged until the next review, which is scheduled for June 16, 2026.
- The CS further stated that the government will intervene to ensure the fuel price is stabilised for June through preventive measures, such as using the Ksh. 5 billion from the Petroleum Development Fund.
- ’I don’t think a strike is the solution. The price of petroleum products has increased everywhere in the world.’’
The Cabinet Secretary of the National Treasury, John Mbadi, has confirmed that the increased fuel prices will remain unchanged until the next review, which is scheduled for June 16, 2026.
He reported in a live interview that the increase in fuel price is the result of the aftermath of the Gulf War between the United States of America and Iran. He argued that the war has affected fuel supply and, as a result, fuel prices have gone up.
The CS further stated that the government will intervene to ensure the fuel price is stabilised for June through preventive measures, such as using the Ksh. 5 billion from the Petroleum Development Fund.
‘’We will look at the subsidy kitty that we have, and if that is not going to be sufficient, we will see what to do. We will then look at the fuel levy, especially the VAT.’’ CS John Mbadi.
Mbadi also said that the ongoing strike by the matatu operators will not solve the issue but instead deepen the crisis.
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‘’I don’t think a strike is the solution. The price of petroleum products has increased everywhere in the world.’’
These statements from the Cabinet Secretary for National Treasury are made as Kenyans pour into the streets to join the Matatu operators on the ongoing strike. The government is now under pressure from the transport sector to cushion Kenyans from the fuel price increase.
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