High inflation, necessitated high bread price that sparked uprising revolution in Sudan, and ultimately ouster of long lording dictator Omar Bashir.
In my few, if not sinister political motive by Energy and Petroleum Regulatory Authority [Epra] director general Daniel Kiptoo, then the government might be in an economic strategy to mop-up liquidity to tame impending high food prices. Hungry dog is an angry dog, goes an adage.
For what else can be explained, the sharp rise of petroleum products despite a reduction in international crude oil prices last month [August,2021], when the stocks that will consumed over the next month [September, 2021] were bought.
Fundamentally, Central Bank of Kenya [CBK], could have administered Cash Reserves Requirement [CRR], but ripple effects of job loses due to either high interest rates or prevail commercial banks to stop lending to already struggling SMEs and firms might have informed the government to go petrol/fuel hike route, having in mind petroleum products have bearing in national foreign reserves through imports, which can affect inflation rates.
Mark you, this is my a little business economic understanding.