Former Cabinet Secretary Moses Kuria has cautioned that April could be one of the most economically difficult months, driven by the ongoing conflict in Iran.
Taking to his socials on Wednesday, April 1, Kuria projected a sharp rise in fuel prices, warning that pump costs could climb to between Ksh230 and Ksh250 per litre.
He attributed the anticipated increase to supply disruptions along the Strait of Hormuz, a critical global oil transit route.
Moses Kuria Warns April Could Be Economically Tough Amid Iran Conflict. Photo: Courtesy.
Kuria noted that such disruptions could have far-reaching effects on the global economy, with countries like Kenya likely to feel the impact through higher fuel costs and broader inflationary pressure.
He further advised the Kenyan government against implementing short-term relief measures such as fuel subsidies or tax waivers, arguing that such interventions may not provide sustainable solutions to the looming economic strain.
Kuria warned that adopting short-term measures such as fuel subsidies or tax waivers could erode the country’s recent macroeconomic progress and lead to long-term consequences that may take years to reverse.
He emphasized that while there may be pressure to introduce quick fixes to cushion citizens, such interventions could destabilize the economic gains achieved so far and undermine fiscal discipline.
Additionally, Kuria called on Kenyans to prepare for the economic strain linked to the conflict in Iran, noting that the country may have to endure a difficult period as the global situation continues to unfold.
