The Kenyan government has reintroduced fuel subsidy to counter escalating petrol, kerosene, and diesel prices.
This decision follows months of violent protests against high living costs.
Kenya‘s energy regulator, EPRA, stated that oil marketing firms will receive compensation from the Petroleum Development Fund.
Petrol’s retail price remains steady at 194.68 shillings ($1.35), preventing a 7.33 shillings ($0.05) increase.
EPRA added minor subsidies for kerosene and diesel.
The move aims to stabilize pump prices for the August-September 2023 period.
President William Ruto had abolished fuel and maize flour subsidies in 2022 to prioritize production support.
Kenya’s inflation dropped to 7.3% in July due to lower food prices.