NAIROBI, Kenya May 16 – Former Deputy President Rigathi Gachagua has alleged that increased fuel prices in Kenya may be generating financial gains linked to a major oil investment transaction involving Tullow Oil’s operations in Turkana.
Gachagua claimed he had received information suggesting that revenues allegedly derived from elevated fuel prices and associated business interests connected to President William Ruto and his allies were being used to finance the acquisition of Tullow Oil assets in Turkana valued at approximately USD 120 million.
He did not provide evidence to substantiate the claim but urged scrutiny over fuel pricing and the management of petroleum sector revenues, questioning whether Kenyans were benefiting from the current pricing structure.
Gachagua stated that the cost of fuel in the country had become a burden on households and businesses, arguing that any gains from the petroleum sector should be reflected in lower prices for consumers rather than private investments.
The remarks come amid ongoing public debate over rising fuel prices and the cost of living, which opposition leaders have consistently blamed on government policy decisions and global oil market dynamics.
Tullow Oil, which operates in Kenya’s Turkana region, has in recent years been involved in efforts to develop the country’s crude oil resources, though commercial production has faced delays due to infrastructure and investment challenges.
The allegations are likely to intensify political tensions as leaders position themselves ahead of the 2027 election cycle, with fuel prices remaining a key national issue.