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The Services Economy

Ongoing

Reduction in fuel prices

The Kenya Kwanza government pledged to review the taxes and lower pump prices.

 

  • After his swearing-in, the head of state scrapped the fuel subsidy program, stipulating that it was a burden to the Treasury. This led to an increase in fuel prices. He, however, introduced a fuel stabilization fund after the first 100 days of his tenure that led to a reduction in the fuel prices and cushioned taxpayers from petroleum price spikes.
  • The fuel levies, against the public’s wishes, were increased from July 2024, curtailing the possibilities of the pump prices reducing.
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Mzalendo is a Kenyan non-partisan Parliamentary monitoring organization whose mission is to “promote the realization of open, inclusive, and accountable Parliaments across Kenya and Africa”.
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