Trade Cabinet Secretary Moses Kuria Sunday revealed that the shilling would be trading at Ksh180 against the dollar if the government had not intervened.
Speaking during an interview on Inooro TV, Kuria explained that the government-to-government (G to G) program had helped cushion the Kenyan currency against the dollar.
The Kenyan shilling has been on a decline against the dollar, currently trading at Ksh147.36.
President William Ruto in April remarked that the shilling would fall to Ksh115 if not lower following the government's plan to buy fuel through a negotiated deal with gulf producers.
"From April, all our fuel marketers will be able to buy our fuel products in Kenya shillings and it will reduce pressure on our dollars," Ruto stated.
Meanwhile, Kuria reiterated that fuel prices will continue to rise to Ksh260 in the next couple of months as some suppliers have limited the quantity produced.
The CS revealed that since Russia had limited the countries it will supply with its oil, Kenya will be forced to tighten its belt and the effect will see prices skyrocket.
"This not guesswork, we will witness it, the price will rise by Ksh10 next fuel review on October 14," he remarked.
His remarks on the high cost of fuel have been condemned by other leaders including Deputy President Rigathi Gachagua who has asked him to be empathetic with Kenyans who are dealing with the high cost of living.
Kuria has however urged Kenyans to be patient with the government as some of the issues were similar to others faced by the global community.
He emphasised he was working to create jobs to reduce the unemployment rate in Kenya as seen in previous weeks when thousands turned up for 350 jobs.
Kuria revealed the government was focusing on ensuring Kenyans are eased off the debt burden through several empowerment projects.