President William Ruto on Saturday assured Kenyans that fuel prices will drop in December.
Ruto said that even though the price of oil has risen all over the world, his administration has started looking for ways to stabilize the price.
“Mmeona mwezi huu bei zimeanza kupungua. Mwezi ujao zitashuka hata zaidi,” said the President, who spoke in Kirinyaga County where he commissioned the construction of the Sagana-Kathaka-Thiguku road.
The price of fuel, last month, reached Sh217.36 per liter of petrol, Sh205.47 for diesel and Sh204.46 for kerosene, in Nairobi.
They remained unchanged for one liter of petrol in the cycle of November-December while diesel and kerosene dropped by Sh2.
He defended the Government-to-Government oil deal between Kenya, Saudi Arabia and the United Arab Emirates, saying it is the deal that has stabilized prices.
“When we took power, many of our gas stations did not have enough fuel. There were long queues of drivers at petrol stations due to the shortage of the product. I went and talked to the governments of Saudi Arabia and the UAE about the crisis. That is why we have a lot of oil in the country today,” Ruto said.
He claimed that Kenya gets the product at a good price compared to other East African countries due to the G-to-G oil contract.
“Our neighbours, Tanzania, Uganda and Rwanda, are on their way to an agreement similar to the one I entered into with the governments of Saudi Arabia and the UAE,” Ruto said.
The President continued to say that through his negotiations between the two countries and foreign partners, he has been able to stabilize the economy.
”Things will be good next year because we have faced the severe obstacles that we encountered. I announce to you that I am confident from next year all the development projects that were stalled will be revived because we have been able to manage our economy,” he added.
Leaders who accompanied the President, including Majority Leader Kimani Ichungw’a, blamed the rise in oil prices on the previous administration.
