SHOCK: As CS MBADI Secretly Borrows New 500Billion Loan From Worldbank To Reduce Fuel Prices!
As of April 17, 2026, reports indicate that the Kenyan government, through the National Treasury, has applied for a Ksh193 billion (approx. $1.5 billion) emergency loan from the World Bank to stabilize fuel prices following a surge in global oil costs
This initiative is part of an effort to address the fuel crisis, which escalated after the United States and Israel launched attacks on Iran, driving Brent crude prices over $110 a barrel and disrupting local supply, according to reports.
Purpose: The loan aims to curb inflation and prevent further price spikes at the pump caused by regional conflicts, a move confirmed by Central Bank of Kenya (CBK) Governor Kamau Thugge.
Fuel Price Action: Following the crisis, President William Ruto announced a reduction in the Value Added Tax (VAT) on fuel from 16% to 8% for an initial 90-day period.
Alternative Interventions: The Treasury has also implemented a 6.5 billion shilling subsidy from the Petroleum Development Levy to stabilize prices.
Status of Stocks: Treasury CS John Mbadi indicated that Kenya has 16 days' worth of petrol stocks and 19 days for diesel, urging against panic buying while working on these interventions.
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