Ruto said the government remains committed to moderating fuel prices and ensuring stable supply of petroleum products.

📻 Breaking It Down

NAIROBI, Kenya, Jun 14— President William Ruto has reaffirmed his commitment to stabilising fuel prices after EPRA announced a Sh10 diesel cut supported by a Sh10 billion subsidy.

Speaking during a church service at Nkarusha Seventh Day Adventist Church in Kajiado County on Sunday, Ruto said the government remains committed to moderating fuel prices and ensuring stable supply of petroleum products despite escalating geopolitical tensions that have pushed up global crude oil prices.

The remarks came hours after the Energy and Petroleum Regulatory Authority (EPRA) announced a Sh10 per litre reduction in diesel prices, lowering the pump price in Nairobi to Sh222.86 effective midnight.

📌 What You Need to Know

Super Petrol fell marginally by 22 cents to Sh214.03 per litre, while kerosene remained unchanged at Sh191.38 per litre.

Ruto attributed the price relief to deliberate government interventions aimed at protecting consumers and businesses from international market volatility.

“You know because of the problems involving Iran and other global developments, oil prices have risen across the world,” Ruto said.

“Some neighbouring countries experienced fuel shortages, with motorists spending two or three days queuing at petrol stations. In Kenya, we ensured fuel was available across the country and used the resources at our disposal to moderate prices.”

The President said the latest fuel prices reflect the government’s commitment to easing pressure on households and businesses grappling with the high cost of living.

“New prices have been announced and diesel has reduced by Sh10 per litre. We will continue moving in that direction to ensure that as a nation we keep progressing together,” he said.

📰 Source: Capital FM Kenya