President William Ruto has directed a further reduction of diesel prices by Ksh10 for the June to July fuel pricing cycle in a move aimed at stabilising pump prices and cushioning Kenyans from the rising cost of living.
The announcement came after an overnight consultative meeting between the government and public transport operators following recent fuel price increases that sparked nationwide concern among motorists and commuters.
Speaking during a press briefing at State House Mombasa, President Ruto said the government had agreed to intervene further to lower the cost of diesel after consultations with leaders in the transport sector.
“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 Ruto.
Once the new prices are gazetted, diesel in Nairobi is expected to retail at Ksh222.86 per litre, kerosene at Ksh191.38 per litre, while super petrol will remain at Ksh214.25 per litre starting June 15.
The Head of State assured Kenyans that the country has enough fuel supply and reiterated his administration’s commitment to keeping fuel prices stable despite global market pressures.
The latest intervention comes amid growing pressure from transport operators who have warned that rising fuel prices were making operations unsustainable. Public service vehicle operators had earlier threatened industrial action over the increasing cost of fuel.
To further support the transport sector, President Ruto directed the Ministry of Transport to engage banks and other financial institutions to provide affordable loans for matatu owners.
The President also addressed complaints from transport operators regarding insurance compensation, saying many vehicle owners continue to suffer losses despite having active insurance coverage.
“There is a big issue about transport operators, despite having insurance coverage, ending up paying bills when incidents occur, and insurance companies going free. This is an issue we must address,” Ruto stated.
He subsequently ordered amendments to the Insurance Act within the next three months to ensure insurance companies comply with fair compensation practices.
At the same time, the President instructed the National Transport and Safety Authority to engage digital taxi platforms and enforce regulations on minimum taxi fares to protect drivers from exploitation.
During the address, President Ruto also urged Kenyans to maintain peace and unity as citizens continue expressing views on national issues.
“I therefore ask all Kenyans to remain calm, patient and united. Let us reject division, fear and misinformation. While every citizen has a right to express their concerns, we must reject all forms that lead to the loss of lives, property and livelihoods,” he said.
The diesel price reduction is expected to bring relief to transport operators and ordinary Kenyans who have been struggling with high transport and commodity costs linked to rising fuel prices.