ECONOMIC DISTORTION

Riots will eventually follow fuel subsidies

In Summary

• On Sunday, Epra froze the price of fuel for another month despite rising world oil prices

• Fuel subsidies reduce the price of fuel by around nine percent, from Sh143 to Sh129 for a litre of petrol

Government is subsidising the price of fuel to shield Kenyans from the rising global price of oil.

However the state is failing to pass on the subsidy to the oil marketers who operate fuel ...

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