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Keep the faith; fuel prices are global issue – Ichung'wah

"Measures in place and efforts geared towards mitigating are a major focus for all governments."

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by EMMANUEL WANJALA

News20 September 2023 - 17:24

In Summary


  • • Fuel prices hit through the roof and crossed the Sh200 mark for the first time in history following the September-October review by energy regulator Epra.
  • • While making reference to a number of media reports around the world, Ichung'wah said high fuel prices is not a problem exclusive to Kenya.
Majority Leader Kimani Ichung'wah speaks during the opening of the National Assembly leadership retreat on Tuesday, September 19, 2023.

Majority Leader Kimani Ichung'wah has asked Kenyans to stay positive in light of high fuel prices which have ignited public uproar.

Fuel prices hit through the roof and crossed the Sh200 mark for the first time in history following the September-October review by energy regulator Epra.

The majority of Kenyans have blamed the Kenya Kwanza government for failing to regulate the prices citing over-taxation of imported fuel, something the government said is beyond it's control.

While making reference to a number of media reports around the world, Ichung'wah said high fuel prices are not a problem exclusive problem to Kenya.

"Fuel prices. Bei ya mafuta, is a global issue. It’s not a Kenya-only issue. Measures in place and efforts geared towards mitigating are a major focus for all governments around the globe and more so Kenya whose economy needs all hands on deck. Keep the faith," he said.

In its review of fuel prices on September 14, Energy and Petroleum Regulatory Authority said a litre of Super petrol had increased by Sh16.96, Diesel by Sh21.32 and Kerosene increased by Sh33.13.

"Super Petrol, Diesel and Kerosene will retail at Sh211.64, Sh200.99 and Sh202.61 respectively in Nairobi effective midnight," Epra said.

The news was greeted with uproar with many saying it spells hard times ahead for the ordinary Kenyan as the high fuel prices will have a ripple effect in sectors like manufacturing and worsen an already high cost of living.

Some Kenyans asked the government to reduce the tax it imposes on imported fuel to lower the cost of fuel.

Consumers are now paying up to Sh79 as taxes per litre of fuel.

But while making reference to a number of media reports around the world, Ichung'wah demonstrated that the high cost of fuel is a global problem.

One published on September 4 indicated that pump prices in the UK jumped by the highest margin in 23 years while Xinhua said on September 6 that Japan's hit a new record high after rising for 16 straight weeks.

So high, the paper said, that the Japanese government said it would expand its subsidy programme which it was downsizing to cushion consumers.

Ichung'wah quoted yet another piece published on September 6 quoting Uganda's Minister of State for Energy Sidronius Okaasai telling the country's Parliament that the government was helpless as far as fuel prices are concerned.

"The surge in global oil demand to record levels, especially during the summer season in Europe and the United States, has put immense pressure on oil prices; thus high demand, driven by seasonal factors and increased economic activity, has contributed significantly to the recent spike in fuel prices worldwide," the paper quoted the minister as having told the plenary sitting.


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