CS Moses Kuria: Expect Fuel Prices to Hike Until February

Trade CS Moses Kuria addresses delegates at a networking round-table session at Sarova Stanley Hotel on Thursday, June 22, 2023.
Trade CS Moses Kuria addresses delegates at a networking round-table session at Serena Hotel on Thursday, June 22, 2023.
Moses Kuria

Trade Cabinet Secretary Moses Kuria has told Kenyans to brace themselves for fuel hikes every month going forward.

According to the CS, fuel prices will  increase by Ksh10 every month until February 2024.

The Cabinet Secretary revealed that the hike in fuel prices has been prompted by rising crude oil prices in the world.

This means that by February, the price of fuel per litre will be approximately Ksh 260.

Fuel Pump
A person fueling a vehicle.
Kenyan wallstreet

“Global Crude Prices are on an upward trajectory. For planning purposes expect pump prices to go up by Ksh10 every month till February,” Kuria said in a statement.

The CS's remarks come just a few hours after the Energy and Petroleum Regulatory Authority (EPRA) announced new fuel prices starting September 15, indicating increases of up to Ksh33 per litre of fuel.

The sudden hike has left Kenyans reeling at a time when the country is grappling with a high cost of living.

The hike has elicited mixed reactions from Kenyans who have called out President William Ruto on his campaign promises to lower the cost of living.

In response, David Ndii, the Chairperson of the Council of Economic Advisors, attributed the fuel price increases to the previous government's huge appetite for borrowing.

Interestingly, Kuria's sentiments come one day after the CS was widely criticized for incorrectly saying that the price of edible oils in supermarket shelves has come down.

He was proved wrong, however, when a reporter attached to the media station went into a supermarket and confirmed that oil prices had not gone down.

Fuel prices
A photo showing EPRA new price changes reflected at a fuel station.
G G Gitau