Withdrawal of Fuel Subsidy in Kenya on Grounds of Unsustainability
The partial elimination of fuel subsidies, which caused diesel and gasoline prices to reach an all-time high, resulted in savings for the Treasury of approximately Sh9.49 billion. The same day the newly elected president declared subsidies unsustainable, the commission eliminated the gasoline subsidy, which may have increased inflationary pressure. It reduced the reliefs on paraffin and ... Read More
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