This is What Saved Kenyans From the Hike of Fuel Prices
On Wednesday, 14th April 2021, fuel prices were anticipated to hike a move that led to a late-night meeting among top officials from the National Treasury, Ministry of Energy, and the Energy and Petroleum Regulatory Authority (EPRA) to cushion Kenyan from the hike in fuel prices.
"We made a late decision to cut the suppliers margin and offer millions of motorists a relief. This was more of a political decision than an economic one because public anger has been mounting," an insider privy to the meeting disclosed.
The meeting led to EPRA announcing that the fuel prices will remain unchanged for the next 30 days.
Initially, reports indicated that EPRA would increase the fuel prices in the month of April.
The news comes at a time Kenyans had expressed concerns about the high costs of living and economic crisis due to the adverse effects of Covid -19. This has led to joblessness among many Kenyans as many businesses have been closed.