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HomeDaily NewsWednesday, July 16, 2025Fuel Price Changes and Government Financial Decisions
Business & Economy2 stories from 1 sources

Fuel Price Changes and Government Financial Decisions

Wandayi defends fuel price hike citing global price fluctuations, while the state taps Sh175bn from fuel levy for contractors.

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Wednesday 3:25 PMCapital BusinessFirst

Wandayi defends fuel price hike, cites global price fluctuations

Wandayi defends fuel price hike, cites global price fluctuations

The Ministry of Energy and Petroleum has defended the recent fuel price hikes in Kenya, attributing them to global price fluctuations rather than domestic fiscal policies.

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Key Highlights

The Ministry of Energy and Petroleum has defended the recent fuel price hikes in Kenya, attributing them to global price fluctuations rather than domestic fiscal policies.

  • The Energy and Petroleum Regulatory Authority (EPRA) increased pump prices effective from July 15 to August 14, 2025, with super petrol rising by Sh8.99 per litre.
  • Opiyo Wandayi, Energy and Petroleum Cabinet Secretary, emphasized that recent price adjustments were based on international oil prices.
  • Claims linking the price rise to the adjustment of the Road Maintenance Levy from Sh18 to Sh25 per litre were dismissed as misleading.
Wednesday 4:00 PMCapital Business

State taps Sh175bn from fuel levy to pay contractors, complete roads

State taps Sh175bn from fuel levy to pay contractors, complete roads

Kenya is set to raise Sh175 billion through the fuel levy to resume over 580 stalled road projects, as announced by Davis Chirchir, the Cabinet Secretary for Roads and Transport.

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Key Highlights

Kenya is set to raise Sh175 billion through the fuel levy to resume over 580 stalled road projects, as announced by Davis Chirchir, the Cabinet Secretary for Roads and Transport.

  • Sh7 of the Sh25 per litre fuel levy will be securitized to provide upfront cash for contractors.
  • The funding model will not incur new debt and aims to resolve unpaid bills from the previous administration.
  • The government plans to ensure transparency and engage with Parliament and the public about the initiative.
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