<\/p>\n
Newly elected Kenyan President William Ruto hinted in a BBC interview that he would explore all available options to rein in high fuel prices including buying fuel from Russia.<\/p>\n
In an interview with the BBC recently, he said: \u201cAll options are available to us as a country. East Africa would be a good option, but Kenya is what we are going to be focusing on,\u201d he said. <\/p>\n
The president continued by saying that in order to create a seamless financial framework and to better the lives for East Africans, Kenya will cooperate closely with other nations in the region.<\/p>\n
\u201cI am now going to move on to the agenda of making sure that we have government-to-government relationships that will progressively now begin the journey to bring the prices of fuel down,\u201d President Ruto said.<\/p>\n
Kenya scrapped a subsidy on petrol a day after the new President said subsidies were unsustainable, in a move that could add to upward pressure on inflation, according to Reuters.<\/p>\n
Some of the key challenges the new president faces include bringing down the high cost of fuel and food in East Africa\u2019s most dominant economy, Reuters said.<\/p>\n
Ruto said in a speech after being sworn in that subsidies were costly and prone to abuse, including causing artificial shortages of the very products being subsidised.<\/p>\n
The Energy and Petroleum Regulatory Authority set new, higher fuel prices for petrol, diesel and kerosene, which is commonly used for cooking by many households.<\/p>\n
Several countries have refused to engage with Moscow since the invasion of Ukraine but Ruto said he\u2019s considering all available options.<\/p>\n
President Ruto\u2019s speech at the UN General Assembly<\/strong><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Newly elected Kenyan President William Ruto hinted in a BBC interview that he would explore all available options to rein in high fuel prices including buying fuel from Russia. In an interview with the BBC recently, he said: \u201cAll options are available to us as a country. East Africa would be a good option, but […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[56],"tags":[],"class_list":["post-1211879","post","type-post","status-publish","format-standard","category-world"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1211879","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1211879"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1211879\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1211879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1211879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1211879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}