This unexpected spike in fuel prices has left Kenyan citizens grappling with the repercussions. The decision comes at a time when economic recovery is crucial, with inflation already putting pressure on households. The immediate effect will be felt by motorists, who will now have to dig deeper into their pockets to keep their vehicles running. It’s also likely to have a cascading effect on transportation costs and, consequently, consumer goods, as fuel plays a pivotal role in the supply chain.
While EPRA cites fluctuating global oil prices and a weakened Kenyan shilling as reasons for the increase, many are questioning the timing and scale of the hike. Some critics argue that the move may exacerbate economic disparities, disproportionately affecting low-income earners.
As public outcry intensifies, this price hike has thrown Kenya into a debate over energy policies, inflation, and the impact on ordinary citizens’ lives. The government and EPRA will face mounting pressure to address the concerns and consider measures to ease the burden on Kenyan households…..CONTINUE READING