The National Treasury now says fuel prices could increase further in the near future as the government seeks to gradually remove the subsidy cushioning Kenyans against high cost. In a statement, Cabinet Secretary Ukur Yatani announced that A gradual adjustment in domestic fuel prices will be necessary “in domestic fuel prices will be necessary in order to progressively eliminate the need for the fuel subsidy possibly within the next financial year.” While blaming the move on crowded spending Yatani indicated that even if the prices do not increase, “they are not expected to revert to levels experienced prior to the Russia-Ukraine war.” The announcement came a day after Kenyans were spared, Sh49 and Sh25, and Sh42 more for a liter of Diesel, Super petrol, and Kerosene by a tax-funded subsidy implemented by the Government. Despite a Sh9 increase in the prices of fuel, the Energy Petroleum and […]