Fuel subsidy has been slashed by 84 percent or by Sh26.7 billion for the year starting next month, pointing to costly petrol and a political headache for the next government.
Budget documents tabled in Parliament show a Sh5 billion allocation for the subsidy in the fiscal year starting July against the Sh31.7 billion used this year to stabilise prices at the pump and keep inflation within the government’s preferred band.
