Fuel subsidy addiction bad for taxpayer

An attendant at a fuel station in Nairobi. FILE PHOTO | NMG

For the past couple of days, there has been concern among Kenyans about the rising cost of fuel and the lack of it at the pumps.

Now, before I get into that let me start with a subject closely related to this. Kenya Airways #ticker:KQ has announced that it has received approval from the board to hedge prices for more than 35 percent of its fuel needs.

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Note: The results are not exact but very close to the actual.