Trade and Investments Cabinet Secretary (CS) Moses Kuria, has once again caused a stir on social media, with his remarks on fuel prices, the timing of fuel stocks, and their associated costs in the energy industry and international agreements.
Kuria’s statement highlights that fuel stocks scheduled for August will not be available until October, and similarly, stocks expected in September will be delayed until November. Implying that the delays in the supply chain can have significant implications for pricing and availability.
He also emphasized that the costs associated with these fuel stocks are known and are based on scientific data, suggesting that pricing is determined through established methods and calculations rather than being arbitrary.
“As Minister responsible for the Private Sector, my role is to advise businesses based on science, not truthful voodoo,” Kuria stated.
His comments come amidst growing public concern over skyrocketing fuel prices in Kenya, which has caused hardship for many citizens. Kuria warned that the situation may worsen before it improves, predicting that the price of petrol could reach Sh260 by February.
On Sunday, Deputy President (DP) Rigathi Gachagua clarified that the statements made by some leaders did not represent the official position of President William Ruto’s government.
“I would like to remind them that although the people of Kenya did not employ them directly, they decisively elected H.E President William Ruto, who in turn appointed them Cabinet Secretaries and Advisors. And hence by virtue of this -they are employed by Kenyans. You Do Not address your employer with arrogance. Do so with Humility and Decorum. Kenyans, like the rest of the world, are going through difficult economic times and leaders should address them with Sensitivity and Empathy, ” Gachagua shared via X.
The Energy and Petroleum Regulatory Authority (EPRA) recently announced updated fuel prices, with petrol at Sh211.64, diesel at Sh200.99, and kerosene at Sh202.61 in Nairobi. These prices reflect significant increases compared to the previous month.