The Star (Nairobi)

3 June 2011

Kenya: Expect No Solution for High Cost of Living

Do not expect the prices of food and fuel to come down anytime soon. Kenya revenue Authority commissioner General Michael Waweru and CBK governor Nnjuguna Ndungu have told the parliamentary Select committee on cost of living that the situation is beyond their control.

Njuguna says political crisis in the oil-producing countries in the Middle East and in North Africa are to blame for the high fuel prices. Waweru told Mps that if they agree to pay tax, the country will net an estimated 1 billion shillings which will assist in offsetting some of the subsidies being offered by the government especially on Oil products.

Ads by Google

Copyright © 2011 The Star. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.