Petrol prices are expected to increase in Kenya on Friday to the highest level reported in the country’s history if the government doesn’t intervene to subsidise the petrol price soon, according to Business Daily.

Reportedly, the state could meet the public halfway and offer a subsidy similar to that of the previous month which helped ease the jump in fuel prices amid a push by oil dealers.

Oil marketers estimate oil prices will increase as follows in absence of a subsidy: 

  • Fuel prices to increase by up to Sh40 ($0.35) a litre
  • Cost of petrol to Sh174.72 ($1.51)
  • Cost of diesel to Sh155.60 ($1.35)

“Without the subsidy, the prices are likely to jump by up to Sh40 ($0.35) a litre based on the cost of cargos that were shipped this month,” said a CEO of a top marketer who sought anonymity for fear of State reprisals, quoted by Business Daily.

The Kenyan government is reportedly also trying to find solutions to an ongoing fuel shortage in the country. Reports indicate that outlets just outside Nairobi, the East African country’s capital city, have started experiencing excruciating fuel shortages that have left many motorists worried and uncertain about a State-backed subsidy ahead of the monthly review of fuel prices.

The State reportedly withdrew the fuel subsidy in March imposed last year, sending diesel and petrol prices to an all-time high in the first increase since October. The adjustments, according to reports, will take effect on 15 April 2022.


By Zintle Nkohla 

Follow Zintle Nkohla on Twitter

Follow IT News Africa on Twitter

Sign Up for Our Newsletters

Get notified of the best deals on our WordPress themes.

You May Also Like

South Africa’s Dis-Chem Takes a Swing at WhatsApp Commerce

Clickatell, a CPaaS innovator and Chat Commerce leader, has been selected by leading South African retailer, Dis-Chem Pharmacies, to enable WhatsApp as its customer communication channel to engage with its…
View Post

UBA & Cellulant Join Forces to Unite Africa’s Payments Ecosystem

Nigeria’s United Bank for Africa (UBA), and Cellulant, a leading Pan-African payments company, have announced a partnership that will extend payment services for merchants and consumers across 19 key African…
View Post

TymeBank Launches Medical Insurance App for South Africans

TymeBank, the South Africa-based exclusively digital retail bank, has announced a new partnership with National HealthCare for affordable medical insurance to consumers, through the launch of TymeHealth, an app-based offering…
View Post

Here’s How Much MTN Spent During the ICASA Spectrum Auction

MTN announced on Thursday that it had secured the high-demand spectrum required for its 4G and 5G network expansion drive from the highly anticipated ICASA spectrum auction. ICASA announced that…
View Post

Netflix Scholarship Applications Now Open for East African Students

Netflix, one of the leading entertainment streaming services in the world, has opened applications to the Creative Equity Scholarship Fund (CESF) for film and TV students in the Eastern African…
View Post

FIFA+: You Can Now Watch Over 2000 Hours of FIFA Games Free

FIFA, the world’s largest football governing association, yesterday launched a new online video streaming service: FIFA+. The new service will showcase live domestic league games from countries all over the…
View Post