OUTCRY AS GOVT DOUBLES FUEL PRICE.
Kenyans have been betrayed by the Kenya Kwanza administration over the plan to skyrocket fuel prices, shattering promises of affordable energy.
Government’s plan to double taxes on fuel levy will make the prices doubled sparking outrage and economic concerns.
President William Ruto is proposing to review the cost of fuel in the Financial Bill 2023/2024 to raise more taxes.
A look at the bill shows that, Ruto’s government is planning to double taxes on petrol, diesel and Kerosene from 8 per cent to 16 per cent. If doubled, the the reviewed prices will fuel upward to historic highs.
The Kenya Kwanza government which rode into power fighting for reduction in the cost of fuel has been exposed of double speak.
The early review pushed the pump prices of petrol, diesel and kerosene to unprecedented highs.
The rise in fuel prices is likely to have a trickle-down effect on the cost of living experienced by the ordinary Kenyan. Indeed, where fuel prices rise, it is expected that the costs of energy, transportation, consumer goods and services will similarly experience an uptick.
Matatu owners are already threatening to hike fares in view of the increased fuel costs.