Countdown Begins,Petrol at 16 Days
Appearing before lawmakers, Mbadi said the current reserves are sufficient for the short term but warned that pressure on fuel prices is looming due to global market disruptions, particularly linked to ongoing tensions in the Middle East
Kenya has only 16 days of petrol, 19 days of diesel, and 49 days of kerosene in stock, Treasury Cabinet Secretary John Mbadi has revealed, raising fresh concerns over the country’s fuel security amid rising global oil prices.
Appearing before lawmakers, Mbadi said the current reserves are sufficient for the short term but warned that pressure on fuel prices is looming due to global market disruptions, particularly linked to ongoing tensions in the Middle East
According to the CS, the current fuel pricing cycle remains stable because the petroleum products in use were procured before the escalation of the Middle East conflict. However, he cautioned that upcoming shipments could be significantly more expensive.
The government now expects fuel prices to rise by mid-April, with diesel—critical to transport and industry—likely to be the hardest hit.
