Ruto Rules Out More Fuel-Tax Cuts After $217 Million Kenya Subsidy Bill

7 articles · Updated · Bloomberg · May 22

Kenya will cut diesel prices by 10 shillings a liter next month, but President William Ruto said no further fuel-tax reductions are coming.
Ruto said the government has already spent 28.2 billion shillings ($217 million) on subsidies and tax breaks since the US-Israeli war on Iran began to keep pump prices artificially low.
The announcement followed deadly protests over diesel costs that brought Nairobi to a standstill this week, underscoring pressure on the government over living expenses.
The stance signals Nairobi is trying to balance public anger over fuel prices against the fiscal cost of extending broad tax relief.

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