Fuel Prices Could Drop as Global Oil Market Stabilizes
Opiyo Wandayi

Fuel Prices Could Drop as Global Oil Market Stabilizes

By Brian Said Iha | June 1, 2026

Energy Cabinet Secretary Opiyo Wandayi has signaled a possible reduction in fuel prices in the coming months, citing easing pressure and growing stability in the international oil market.

Speaking amid mounting public concern over the recent rise in fuel prices, Wandayi said the government remains optimistic that favorable developments in global energy markets will eventually benefit Kenyan consumers through lower pump prices.

His remarks come after the Energy and Petroleum Regulatory Authority (EPRA) announced a sharp increase in fuel prices for the May–June pricing cycle. Under the latest review, petrol rose to KSh214.25 per litre, while diesel reached a record high of KSh242.92 per litre, triggering widespread criticism from motorists, transport operators, businesses, and households already struggling with the high cost of living.

Wandayi noted that fuel pricing in Kenya is heavily influenced by global crude oil prices, exchange rate fluctuations, and importation costs. However, he expressed confidence that recent trends in the international market point to a more stable outlook, which could help ease pressure on local fuel prices if sustained.

The Cabinet Secretary assured Kenyans that the government is closely monitoring global market developments and remains committed to ensuring that any favorable changes are reflected in domestic fuel pricing.

The latest increase in fuel costs has raised concerns over its potential impact on transportation, food prices, and overall inflation, with many consumers urging the government to explore measures that can cushion households and businesses from the burden of rising energy costs.

Should international oil prices continue to stabilize and shipping costs remain manageable, consumers could see some relief at the pump in the coming pricing reviews, offering a much-needed boost to the economy and household budgets.

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