President William Ruto has directed a further reduction in diesel prices by Ksh10 for the June to July pricing cycle in a move aimed at easing pressure on consumers and stabilising fuel costs across the country.
The announcement came after an overnight consultative meeting between the President and leaders from the public transport sector following concerns over the recent increase in diesel and super petrol prices during the latest fuel price review.
Transport operators had raised fears that the higher fuel prices would increase operating costs and eventually affect passengers through higher fares.
Speaking at State House in Mombasa, Ruto said the government had agreed on additional measures to reduce the burden on Kenyans who rely heavily on public transport and fuel for daily activities.
“I have directed, after consultations with leaders here from the transport sector, that in the pricing cycle, we are going to further reduce the prices of diesel by Ksh10 for June to July,” said the President.
Once the revised prices are officially gazetted, diesel in Nairobi is expected to retail at Ksh222.86 per litre. Kerosene will sell at Ksh191.38 per litre while super petrol will remain at Ksh214.25 per litre starting June 15.
Ruto also assured Kenyans that the country has enough fuel supply and said his administration remains committed to keeping pump prices stable despite global market pressures.
Beyond fuel prices, the President addressed challenges affecting players in the transport sector, particularly matatu owners.
He directed the Ministry of Transport to work with financial institutions and banks to create access to cheaper loans for public transport operators.
The President also raised concerns about insurance claims involving transport operators.
According to Ruto, many operators continue to suffer losses after accidents despite paying for insurance coverage.
“There is a big issue about transport operators, despite having insurance coverage, end up paying bills when accidents occur, and insurance companies go free. This is an issue we must address,” he said.
To deal with the problem, Ruto directed that amendments to the Insurance Act be made within the next three months to strengthen accountability among insurance companies.
