President William Ruto’s plan to fully scrap fuel subsidies will face major headwinds after the world's top oil-producing countries agreed to deeply cut exports to prevent erosion of revenues.
A group of 23 oil-exporting countries, commonly known as Opec+, on Wednesday, reached a deal to slash production by two million barrels per day, a move targeted at pushing prices per barrel back to $100 per barrel for the first time since July.
