The Standard Group Plc is a multi-media organization with investments in media
platforms spanning newspaper print operations, television, radio broadcasting,
digital and online services. The Standard Group is recognized as a leading
multi-media house in Kenya with a key influence in matters of national and
international interest.
The government did not apply fuel stabilisation in the October-September cycle and as a result, pump prices went up by the highest margin ever. [iStockphoto]
The government will have spent about Sh10 billion over the five months to December 14 this year, in cushioning Kenyans from the high cost of fuel.
The move has however failed to prevent pump prices from hitting historical highs, which has hit individuals and industries hard. This is seen in reduced fuel consumption.
Premium Article
Get Full Access for Ksh299/Week.
Uncover the stories others won't tell. Subscribe now for exclusive access.