State paid Sh28bn in six months to cushion buyers from high oil prices

The government paid oil marketing companies Sh27.84 billion in the six months to December 2023 from the stabilisation kitty to cushion consumers from high prices, the Controller of Budget Margaret Nyakang’o has disclosed.

This came after the government ended fuel subsidies in line with commitments made to the International Monetary Fund (IMF), in favour of stabilisation.