The government has put in place robust measures that will forestall effects on fuel and commodity supplies as a result of the war raging in the Middle East, President William Ruto has said.
The President explained that the government, in consultation with regional partners, is working with stakeholders to ensure that the country does not face fuel shortages.
He also warned that the government will not entertain artificial fuel shortages caused by profiteers.
“As a government, we are working to mitigate and reduce the effects of the challenge we have in the Middle East. So far, we have made very good progress,” he said.
The President pointed out that he was hopeful that, through dialogue and other interventions, the war in the Middle East will de-escalate.
If the war in the Middle East lasts long, it will continue to have negative effects on Kenya’s economy, as well as regional and global economies.
The President spoke during a press briefing following talks with President Daniel Francisco Chapo of Mozambique at State House Nairobi on Thursday.
President Chapo is on an Official Visit to Kenya and was the chief guest at the 4th Kenya International Investment Conference on Wednesday.
Fuel prices in Kenya have stabilised since the country entered into a Government-to-Government (G-to-G) oil deal with oil marketers in the Gulf in 2023.
Since then, prices of petroleum products and the exchange rate have been stable. The G-to-G arrangement is expected to continue shielding Kenya from volatile fuel prices.
