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Originally published by Capital Businessbusiness
April 3, 2026
2h ago
Expect high fuel prices in May, Treasury CS warns
Treasury Cabinet Secretary John Mbadi told the National Assembly’s Finance and National Planning Committee that while the country faces exposure to global shocks, there is no cause for alarm as mitigation measures are already in place. Kenya breaking news | Kenya news today |..
✨ Key Highlights
Treasury Cabinet Secretary John Mbadi has warned of impending high fuel prices in Kenya starting in May, citing global oil market volatility linked to the Middle East conflict.
- Anticipated price increases will reflect higher import costs for May and June due to disrupted global energy supply chains, including the closure of the Strait of Hormuz.
- The Treasury Cabinet Secretary reassured that the government-to-government oil supply arrangement would cushion consumers, and the economy remains resilient with growth projected at 5.3 percent in 2026 and 2027.
- An inter-ministerial team is monitoring the situation, and the government is considering interventions such as tax adjustments and encouraging e-mobility and diversified import sources.
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