• Home
  • Business News
  • Weekly Reviews
  • Market Reports
Thursday, October 9, 2025
  • Login
  • Home
  • Business News
  • Weekly Reviews
  • Market Reports
  • Global Markets
  • Commodities
  • Corporate News
No Result
View All Result
The Trading Room
  • Home
  • Business News
  • Weekly Reviews
  • Market Reports
  • Global Markets
  • Commodities
  • Corporate News
No Result
View All Result
The Trading Room
No Result
View All Result
Home Business News

Government Draws Out Fuel Relief.

Ruth Nelima by Ruth Nelima
in Business News
Reading Time: 2 mins read
A A
0
Government Draws Out Fuel Relief.
Share on FacebookShare on Twitter

Subsidy withdrawal by the government has left many citizens exposed to higher costs of fuel, as the money set aside to buffer extreme fuel prices becomes expended. The government pulled back from applying subsidy on the recent pump prices announced by EPRA in its latest review which left the cost of super petrol retail at KES. 184.52, reflecting a small drop from previous petrol cost of KES.185.31.

RELATED POSTS

KRA’s Customs Revenue Surges to KES 85Bn Milestone, Hitting Record High

NCBA Becomes Kenya’s First Bank to Attain PCI DSS certification

CIC Introduces Global Balanced Special Fund: $1,000 Entry, 3-Day Withdrawals

The current retailing prices of fuel: super petrol (KES.184.52) Diesel (KES.171.47) and Kerosene (KES.154.78) show a slight drop in prices from the previous pump prices: Super petrol (KES.185.31) Diesel (KES.171.58) and Kerosene (KES.155.58) since the government did not apply any subsidy on them as well. However, the much previous cycle of price review left the cost of diesel unchanged at KES. 185.31 since the state applied a subsidy of KES. 2.04 to safeguard consumers from extreme prices.

Fuel subsidy trend.

The states move to subsidize fuel prices has had a great relief to consumers ensuring their protection from the effect of spiraling prices of oil in the global market. The fuel relief was applied to the commodity even in times when the global prices were low, which in turn protected consumers greatly. This was seen in May when prices for petrol and diesel were subsidized by KES.4.66 and KES. 6.09 respectively which was followed by a drop in pump prices of KES.2.20 and KES.1.95 for diesel and petrol respectively.

In the recent past, this has not been the case as Energy CS, Opiyo Wandayi, told Parliament that the government lacked 2.5billion needed to cater for fuel subsidy prior to August’s fuel price review cycle, which saw pump prices for diesel and petrol jumping up by KES.8.67 and KES.8.99 per litre respectively.

The Petroleum Development Levy (PDL) collections have for the past five years hiked collection prices for diesel and petrol by 1250% from KES.0.40 per litre. The government on the other hand made efforts to boost its collections so as to sustain fuel subsidy provisions however the money collected has been mismanaged severally hence leading to depletion of fuel subsidy.

Effect on consumers.

The overall effect of high fuel prices is majorly felt by consumers as it translates to increased costs on food and transport. Moreover, It reduces to a greater extent the customers purchasing power resulting to low outputs economically.

Buy JNews
ADVERTISEMENT

 

Post Views: 63
Previous Post

Rubis Kenya Gains KES 5.2Bn From Trade of Fuel Subsidy Bond.

Next Post

EAPC Directed to Buyback its Shares Between Ongoing Sale

Ruth Nelima

Ruth Nelima

Related Posts

KRA’s Customs Revenue Surges to KES 85Bn Milestone, Hitting Record High
Business News

KRA’s Customs Revenue Surges to KES 85Bn Milestone, Hitting Record High

by Ruth Nelima
NCBA
Business News

NCBA Becomes Kenya’s First Bank to Attain PCI DSS certification

by Felix Ochieng
CIC
Business News

CIC Introduces Global Balanced Special Fund: $1,000 Entry, 3-Day Withdrawals

by Tim Mwatela
Kestrel Capital
Business News

Kestrel Capital Celebrates 30 Years with Historic Buyout, Paving way for Bold Growth

by Ivan Lewa
Next Post
EAPC Directed to Buyback its Shares Between Ongoing Sale

EAPC Directed to Buyback its Shares Between Ongoing Sale

MSMEs

Banks Pump KES 153 Billion into MSMEs, Exceeding Annual Target

Technology AI is reducing job opporrunities in bank through automation of processes and is therefore said to rduce between 200,000 jobs globally within 3 to 5 years

Technology AI Is Cutting Down Banking Job Opportunities by about 54% Globally.

Advertisement Banner Advertisement Banner Advertisement Banner
ADVERTISEMENT

Most Viewed Posts

  • Tea Farmers Set to Receive Kes 28 Billion as Final Bonus Payment (4,309)
  • 4 Things You Can Do With the Cashlet App to Achieve Your Financial Goals (2,410)
  • Hilda Njeru Takes over at CDSC (2,277)
  • Safaricom Finally Launches eSIM: Here’s What You Need to Know (2,251)
  • KenGen Gets Nod to Sell 4 Million Tonnes of Carbon Credits (1,996)

Follow Twitter

About Us

Follow Us

Popular Tag

Africa Asian - Pacific Stocks Asian Stock Markets Australian Stocks Bitcoin Bonds Kenya Bonds Trading in Kenya Brent Brent Crude Capital Markets Authority Central Bank of Kenya Corona Virus Pandemic Crude Oil Cryptocurrencies Derivatives NSE Derivatives Trading in Kenya Dow Jones Industrial Average European Stock Markets Global Economy Global Markets Gold Hang Seng Index Investing in Kenya Jakarta Stock Exchange Kenya Bankers Association Kenya Economy Kospi index MSCI Index Nairobi Securities Exchange NASDAQ New York Stock Exchange Nikkei N225 NSE Oil Futures S&P 500 Index Safaricom Plc Shanghai Composite Shenzhen component spotlight Stock Market Report Stock Market Review U.S. Stock markets US oil Wall Street WTI Oil Index

Recent News

KRA’s Customs Revenue Surges to KES 85Bn Milestone, Hitting Record High

KRA’s Customs Revenue Surges to KES 85Bn Milestone, Hitting Record High

NCBA

NCBA Becomes Kenya’s First Bank to Attain PCI DSS certification

  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2025 The Trading Room Limited.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
TSLA 
$429.58  2.08%  
GME 
$24.29  0.49%  
MSFT 
$519.29  1.06%  
AAPL 
$254.34  1.44%  
AMC 
$2.83  0.53%  
ABNB 
$121.12  0.94%  
GOOGL 
$241.11  1.44%  
AMZN 
$223.82  0.62%  
No Result
View All Result
  • Home
  • Business News
  • Weekly Reviews
  • Market Reports

© 2025 The Trading Room Limited.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?