Energy and Petroleum Cabinet Secretary Opiyo Wandayi addressed the press on Friday hinting at possible gradual reductions in fuel prices. He pointed to early signs of stabilisation in the global oil market.
Wandayi noted that although global oil prices have risen in recent months there are indications that international market pressures could ease. Changes in demand patterns and improved supply routines are helping stabilise markets he said.
The CS expressed optimism that Kenyans would progressively feel the benefits as conditions improve. He cautioned that the situation remains unpredictable.
His remarks follow recent fuel price increases by the Energy and Petroleum Regulatory Authority which sparked protests by transport operators. Wandayi assured that Kenya faces no fuel shortages.
He credited the government-to-government fuel importation arrangement with cushioning the country. “It may look like a miracle that in Kenya the debate has been about price and not availability” Wandayi stated.
The G-to-G framework has allowed diversification of sourcing routes. Cargo arrives from Europe the US Gulf Coast India and the Red Sea region.
This has helped keep freight and premium charges relatively stable. Under the arrangement these currently stand at Ksh10,100.22 per tonne for diesel Ksh10,877.16 for petrol and Ksh12,562.47 for kerosene.
Fuel costs matter across Kenya's economy including heavy sectors that rely on diesel for operations. Consistent supply supports uninterrupted activity where machinery and transport play central roles.
Wandayi added that in the fullness of time as global conditions stabilise benefits would flow progressively. Long-term plans include establishing regional refineries to boost energy security.
The comments come as fuel prices remain a point of public concern. Stable supply has prevented shortages seen in other countries amid market fluctuations.
Kenya as a net importer monitors international benchmarks closely. Diversified imports provide some buffer against volatility.
Wandayi avoided specific timelines for price adjustments. Instead he focused on the overall direction tied to global trends.
The G-to-G approach has maintained logistics management. This supports broader economic functions including movement of goods.
Public attention often peaks with price reviews. The latest EPRA adjustments for the May-June cycle drew particular reaction.
Kenya's energy ministry continues tracking developments. Any sustained global drop could influence future local pricing.
For now emphasis stays on the stability achieved through current arrangements. Wandayi reiterated commitment to relief where possible.
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