The State has depleted the subsidy fund used to stabilise retail fuel prices, exposing consumers to volatile global shifts that have seen the cost of diesel and petrol jump by at least Sh8.50 a litre.
Energy Cabinet Secretary Opiyo Wandayi told Parliament that the petroleum development levy (PDL) fund is empty and that the ministry lacked the Sh2.5 billion needed to stabilise pump prices for the month running to August 14.
