President William Ruto on Tuesday, November 7, chaired a Kenya Kwanza parliamentary group meeting.
During the meeting that was held at the State House in Nairobi, the skyrocketing cost of fuel dominated the talks.
Local dailies reported that a section of Kenya Kwanza Members of Parliament (MPs) openly voiced their concerns that they were losing popularity due to the skyrocketing cost of fuel.
But in his address, the president categorically stated that there is ‘nothing much his Kenya Kwanza administration can do to bring down the cost of fuel”.
The Head of State said the skyrocketing cost of fuel is a result of what he termed “global factors”.
The president’s remarks come just a day after Energy Cabinet Secretary Davies Chirchir projected that the cost of fuel could soon hit KSh 300 per liter.
Chirchir who appeared before the National Assembly Energy Committee attributed this alarming forecast to the ongoing turmoil in the Middle East.
The CS stressed that the price of crude oil could skyrocket to as much as $150 per barrel if the conflict in the Gaza Strip between Israel and Hamas persists.
“We can’t do much when it comes to international pricing of petroleum which has soared from $70 per barrel and I read an article from the Financial Times that the prices could go up to $150 due to the Israel-Hamas war,” he said.
That, he said, “could literally mean our prices going up to KSh 300 per liter but we hope it doesn’t get there.”
