Treasury Says Fuel Prices Will Remain Until June Review Amid Nationwide Transport Strike
John Mbadi has confirmed that the current fuel prices in Kenya will remain unchanged until the next review by the Energy and Petroleum Regulatory Authority scheduled for June 14.
Speaking on Monday amid growing pressure from the ongoing nationwide matatu strike, the Treasury Cabinet Secretary said the government is closely monitoring the situation but does not plan to make immediate adjustments to pump prices.
His remarks come as thousands of commuters across Nairobi and other parts of the country continue to face major transport disruptions following the withdrawal of matatus and buses from the roads.
Transport operators launched the strike in protest against the recent fuel price increase, arguing that the rising cost of petrol and diesel has made operations unsustainable.
Mbadi acknowledged the burden the price hikes have placed on Kenyans and public transport operators but explained that the government is balancing the need to stabilize the economy with the realities of global fuel markets.
According to the CS, the government may consider introducing additional interventions if international oil prices continue to rise and the current Ksh5 billion fuel subsidy becomes insufficient.
Among the measures under consideration is a possible reduction of Value Added Tax on fuel, similar to previous interventions aimed at cushioning consumers from high energy costs.
Mbadi also called on the Energy Ministry and EPRA to improve public communication before announcing future fuel price reviews.
He argued that clearer communication would help prevent panic and public frustration caused by abrupt changes in pump prices.
The Treasury CS further linked the current fuel crisis to global geopolitical tensions, particularly the ongoing standoff involving the United States and Iran.
According to Mbadi, instability in global oil markets has continued to affect fuel import costs worldwide, with Kenya also feeling the impact through increased pump prices.
The latest fuel review triggered immediate backlash from transport operators and commuters after petrol and diesel prices surged to record highs.
Matatu operators have warned that unless the government intervenes, transport fares may continue rising sharply once services resume.
The ongoing strike has already affected businesses, schools, and economic activity in major towns as commuters struggle to access reliable transport.
Government officials are expected to continue consultations with stakeholders in the transport and energy sectors in an effort to ease tensions and restore normal operations across the country.