Consumers in Kenya hit by fuel and electricity cost shocks
Fuel prices at a petrol station in Nyeri town on September 15, 2022 hours after Energy and Petroleum Regulatory Authority reviewed the rates. PHOTO | JOSEPH KANYI | NMG
Kenya’s economic situation deteriorated further as consumers woke up to a record increase in fuel and electricity prices in the same week that the nation’s new leader, President William Ruto, was sworn in.
The record-high fuel surcharge comes at a time when the government and the International Monetary Fund have agreed to end the fuel subsidies that have been cushioning consumers.
