Analysis by Region - Emerging Markets - Kenya

Analysis by Region - Emerging Markets - Kenya

Prices at the pump crossed the KSh200/? mark in September after the government decided to suspend its recently implemented fuel stabilisation plan. President William Ruto introduced the 30-day fuel price stabilisation plan on August 15 to prevent a surge in pump prices. The government tapped into the country's Petroleum Development Fund (PDF) to finance this plan, but the implementation thereof significantly depleted the available funds, thereby constraining its ability to extend further support. The government has limited options at its disposal to secure alternative funding sources, as budgetary funds cannot be accessed without violating the terms of the country's programme with the IMF.