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President William Ruto has ordered a Ksh10 price cut on diesel for the June-July period to stabilize pump prices and ease the burden on consumers. This decision follows discussions with public transport operators regarding recent fuel price increases. Ruto announced a significant reduction in Value Added Tax (VAT) on petroleum products from 16% to 8%. The president also admonished Member of Parliament Ndindi Nyoro to cease political opportunism regarding the fuel price crisis, emphasizing fiscal responsibility. The Energy and Petroleum Regulatory Authority is simultaneously launching a biofuel blending program to reduce Kenya's reliance on imported fuel and stabilize prices.
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