The subsidy will be in place for the next 30 days, and will cover petrol, diesel, and kerosene. The government has said that it will use money from the Petroleum Development Fund to pay for the subsidy.
The decision to reinstate the subsidy was made after the government came under increasing pressure from the public. The protests had turned violent in some cases, and the government was concerned about the potential for further unrest.
The reinstatement of the subsidy is a temporary measure, and the government has said that it is working on a long-term solution to the problem of rising fuel prices. However, the decision is likely to be welcomed by many Kenyans who have been struggling to cope with the high cost of living.
In a statement, the Energy and Petroleum Regulatory Authority (EPRA) said that the decision to reinstate the subsidy was made “in order to cushion consumers from the spike in pump prices as a consequence of the increased landed costs.”
The EPRA also said that the subsidy would be reviewed on a monthly basis.
The decision to reinstate the fuel subsidy is a major victory for the protesters, who had been demanding the government to take action to address the high cost of living. However, it remains to be seen whether the subsidy will be enough to prevent further protests.
The government has said that it is working on a long-term solution to the problem of rising fuel prices, but it is unclear when this solution will be implemented. In the meantime, the reinstatement of the fuel subsidy is a welcome relief for many Kenyans
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