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State saves Sh9.4 billion from scrapped fuel subsidy
Fuel prices at a petrol station in Nyeri town on September 15, 2022 hours after Energy and Petroleum Regulatory Authority reviewed the rates. PHOTO | JOSEPH KANYI | NMG
The Treasury will save an estimated Sh9.49 billion from the partial withdrawal of fuel subsidies that sent diesel and petrol prices to a historic high.
The energy regulator scrapped the subsidy on petrol a day after the new President, William Ruto, said subsidies were unsustainable, in a move that could add to upward pressure on inflation.
