CS Mbadi Hints at New Plan to Lower Fuel Prices Ahead of EPRA Review
This comes at a time when the Treasury has warned of higher fuel prices and transport costs, should the situation in the Middle East remain elevated as Kenya moves into 2027...
✨ Key Highlights
The Kenyan Treasury is considering extending the 8% VAT cut on fuel beyond October and introducing further subsidies to mitigate high prices, influenced by the volatile Middle East situation.
- Treasury Cabinet Secretary John Mbadi is weighing the decision to extend the VAT relief and exploring funding options for subsidies.
- The government has previously extended the 8% VAT relief and provided a Ksh945 million subsidy from the Petroleum Development Levy.
- The decision is dependent on the unfolding Middle East conflict and its impact on global oil prices, with a balancing act between revenue needs and inflation concerns.
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Treasury Explains Restructuring of Chinese SGR Loan - August 2026
Kenya's National Treasury is set to save over Ksh27 billion annually following the successful renegotiation of terms for three Standard Gauge Railway (SGR) loans with China. The Kenyan Treasury is considering extending the 8% VAT cut on fuel beyond October and introducing further subsidies to mitigate high prices, influenced by the volatile Middle East situation. Kenya's economy is projected to grow by 5.1% in 2027, according to a forecast by the National Treasury, anticipating a recovery driven by easing external pressures and normalized global supply chains, despite ongoing concerns over fuel prices and currency stability.
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