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Originally published by Capital Newstop
June 14, 2026
2h ago
Ruto defends fuel prices strategy amid geopolitical oil market pressures

President William Ruto defends Sh10bn fuel subsidy from the Petroleum Development Levy Fund, saying it helped cushion consumers as EPRA cuts diesel prices by Sh10...
✨ Key Highlights
President William Ruto has defended the government's strategy to stabilize fuel prices, highlighting recent interventions that led to a Sh10 per litre diesel cut. The price reduction was supported by a Sh10 billion subsidy from the Petroleum Development Levy Fund.
- A Sh10 per litre reduction in diesel prices was announced by the Energy and Petroleum Regulatory Authority (EPRA), bringing the Nairobi price to Sh222.86.
- Key figures are President William Ruto and the Energy and Petroleum Regulatory Authority (EPRA).
- The government utilized Sh10 billion from the Petroleum Development Levy Fund to cushion consumers from global oil market volatilities, citing geopolitical tensions involving Iran and other international developments.
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