Kenya’s expenditure on fuel subsidy has hit KSh71.17 billion in the six months to June.
Consumption data from Energy and Petroleum Regulatory Authority (EPRA) shows Kenya has spent an average of KSh11.86 billion monthly to keep fuel prices low for six months to June.
Diesel accounted for the largest share of the subsidy at KSh45.7 billion, followed by super petrol at KSh23.3 billion, and KSh1.9 billion for kerosene in the six months.
Business Daily reports that without the subsidy, motorists would have paid a historic high of KSh214.03 per litre of petrol and KSh206.17 for diesel.
The International Monetary Fund (IMF) has set a fresh loan condition requiring Kenya to drop the fuel subsidy programme by October, exposing motorists to a sharp rise in pump prices.
Despite the condition, the government has promised to keep the subsidy to the end of the year.
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