Treasury mulls reviewing levies to cool fuel prices

Ben Troy Njue
1 Min Read
PHOTO | File

The government is considering reviewing some levies on petroleum products to make fuel affordable in coming months amid price volatility driven by the war in the Middle East.

National Treasury Cabinet Secretary John Mbadi said the review will aim at ensuring that fuel prices remain stable.

Crude oil surged as much as 64pc with Brent hitting $119.50 dollars per barrel three weeks ago, and since then the prices have remained volatile oscillating around the 100 dollar mark, as the war in the Middle East rages on.

This has sparked fears that pump prices in Kenya are likely to be hiked in coming days. Mbadi said the government is considering a number of measures to cushion Kenyans.

Mbadi told the National Assembly Departmental Committee on Finance and National Planning that as at 30th March 2026, Kenya had enough super petrol to last 16 days, diesel for 19 days and jet fuel to last 49 days.

Mbadi said freight and shipping costs have drastically risen with the government now directing slaughter houses to reduce production as they find an alternative livestock markets.

Mbadi said the Kenyan economy might be negatively impacted if the Middle East war persists.

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