President Ruto: Kenya Monitoring Global Oil Prices to Shield Citizens From External Shocks

President Ruto said the government-to-government (G2G) fuel import arrangement has helped position Kenya as a more competitive fuel market within the region. - Kenya breaking news | Kenya news today | Capitalfm.co.ke..

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President William Ruto has stated that Kenya is actively monitoring global oil prices and has implemented measures to protect its citizens from external economic shocks.

The Kenyan government has reduced Value Added Tax (VAT) on petroleum products from 16 percent to 13 percent and committed Sh6.2 billion from the Petroleum Development Levy (PDL) Fund.
President William Ruto emphasized the success of the government-to-government (G2G) fuel import arrangement in ensuring fuel availability and competitiveness.
Despite these interventions, the Energy and Petroleum Regulatory Authority (EPRA) acknowledges that global price shocks continue to pressure local pump prices, with significant increases in the landed cost of imported Super Petrol, Diesel, and Kerosene between February and March 2026.

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