Kenya will pay fuel subsidies as gas lines form
2 years, 11 months ago

Kenya will pay fuel subsidies as gas lines form

The Hindu  

Motorists in Kenya endured another day of fuel shortages on April 4 as Kenyan President Uhuru Kenyatta signed a supplementary budget for the fiscal year which allocated an additional 35 billion shillings for the country's fuel subsidy program, his office said. While the Kenyan government blamed panic buying and hoarding, it said it would pay fuel subsidies to retailers this week to offset fears that shortages are on the horizon. The principal secretary in the petroleum and mining ministry Andrew Kamau said the latest price spikes were causing cash flow difficulties for smaller fuel traders. Last week, Kenya's central bank governor Patrick Njoroge said, "Prices at $100 a barrel are completely beyond the realm of understanding."

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History of this topic

Kenya reinstates fuel subsidy after months of violent protests
1 year, 7 months ago

Kenya reinstates fuel subsidy after months of violent protests

Al Jazeera  

Kenya has reinstated a small subsidy to stabilise retail fuel prices for the next 30 days, the energy regulator says, in a reversal of government policy after public anger over the high cost of living. After taking office in September, President William Ruto removed fuel and maize flour subsidies put in place by his predecessor, saying he preferred subsidising production …

Drivers line up for gasoline across Nigeria after new president scraps fuel subsidy
1 year, 10 months ago

Drivers line up for gasoline across Nigeria after new president scraps fuel subsidy

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Nigerian President Bola Tinubu has …

Europe's conflict sees Africa reeling from costs
2 years, 2 months ago

Europe's conflict sees Africa reeling from costs

China Daily  

Whether it's soaring fuel bills or pricier food, the most vulnerable are hit the hardest on continent under pressure Kenyan motorcycle taxi riders wait to fill up with costly fuel in Nairobi on April 4. SIMON MAINA/AFP Rising fuel prices in Kenya give Francis Karanja, a Nairobi taxi driver, plenty to worry about as he has watched his already meager …

Kenya’s new president scraps petrol subsidy
2 years, 6 months ago

Kenya’s new president scraps petrol subsidy

Al Jazeera  

President Ruto says subsidies have been costly and prone to abuse, including causing artificial shortages of subsidised products. Kenya has scrapped a subsidy on petrol a day after new President William Ruto said subsidies were unsustainable, in a move that could add to upward pressure on inflation. In a speech after his swearing-in ceremony on September 13, Ruto said subsidies …

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