State acts to cushion consumers from high fuel prices

Tuesday, December 2, 2008
The Government says it is taking measures to cushion the country against fluctuation in the global price of oil by boosting its strategic energy reserves to cover three months.Kenya currently keeps 40 days worth of oil and gas imports cover, leaving consumers exposed to shifts that quickly translate into higher pump prices. Patrick Nyoike, Permanent Secretary Energy Ministry, says the Government would seek "extra-budgetary" ways of paying for the increase, including borrowing.
Source: http://www.eastandard.net/business/InsidePage.php?id=1144000741&cid=14&