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June 15, 2026
4h ago

Ministry Gives Timeline for Fuel Price Cuts Following Strait of Hormuz Reopening

Ministry Gives Timeline for Fuel Price Cuts Following Strait of Hormuz Reopening

The remarks come amid reports that Iran and the U.S had reached an agreement on a ceasefire and unconditional and immediate opening of the Strait of Hormuz, a key shipping route for over 20 per cent of the world's oil products...

✨ Key Highlights

Energy Cabinet Secretary Opiyo Wandayi has stated that Kenyan consumers will not see an immediate drop in fuel prices despite potential Middle East stability.

  • A significant decline in fuel prices might be experienced from August if the Middle East remains stable and the Strait of Hormuz stays open.
  • The Energy Cabinet Secretary explained that Kenya's fuel pricing mechanism uses international benchmark prices from the previous month, creating a lag.
  • Current pump prices are subsidized, and any future reductions will be calculated from the actual fuel price without subsidies.

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