Eyes on fuel price control as new formula to be unveiled

Fuel station

Vehicles line up to fuel at a petrol station in Nairobi on July 1, 2023. 

Photo credit: Francis Nderitu | Nation Media Group

Kenya is expected to reveal the changes in the current fuel pricing formula before the end of this month in changes that could have implications on what consumers pay.

The ongoing review, which is partly pushed by the International Monetary Fund (IMF), is being done on the grounds that the current pricing regime has failed to reflect the prevailing market conditions.

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