In Kenya, a large increase in the price of crude oil will pile renewed pressure on the cost of living, in a period of ongoing economic challenges. Fuel prices also significantly impact the cost of food in the country given that the price of transportation is passed on to the fi...
KENYA'S Trade and Investments CabinetSecretary Moses Kuria lashed out at critics onSeptember 15, saying he stood by his earlierprediction that petroleum product prices werelikely to continue rising until February 2024.Kuria has come under fire for raising concernamong Kenyan consumers already hit hard...
As the festive season begins,fuel prices in Kenyahave shot up after the Energy and Petroleum Regulatory Authority (EPRA) set new prices for the period 15th December 2020 to 14th January 2021. Super Petrol will retail at KSh106.82, up from KSh105.85, while Diesel and Kerosene will sell at KS...
NAIROBI, Nov. 14 (Xinhua) -- Kenya's energy industry regulator on Monday increased retail prices for super petrol, kerosene and diesel in the latest monthly price review. Fuel prices have a significant impact on inflation in Kenya that depends heavily on diesel for transport, power generation a...
NAIROBI, June 15 (Xinhua) -- Kenya will gradually raise its domestic fuel prices as it works to end a subsidy program that is becoming unsustainable due to a faster surge in oil prices in the global market, a government official said Wednesday. ...
The shilling plunged to 148.98 units to the dollar in the latest exchange rate used to set the pump prices compared to 123.88 units a year ago, while crude prices— a key determinant of refined fuel prices— have been rising in recent months. Record-high pump prices in Kenya have pr...
High food prices are one of the major risks facing households from developing countries. Food prices have attracted renewed interest among policy experts in identifying appropriate policy instruments to counter the effect of price vulnerability. This paper evaluates the effect of fuel prices on food pr...
The World Bank has cast doubts on Kenya’s ability to sustain its currentfuel subsidyprogramme if the Ukraine conflict persists. “Fuel subsidies in Kenya have contributed to stopping fuel prices from rising. This has been successful so far, but it will place pressure on public finance if the...
Fuel in Kenya is priced in USD with local suppliers setting their own prices. Fuel pricing often varies depending on volume uplifted. Payment for fuel at larger airports is usually possible with a fuel release (fuel carnet), credit card, or cash. Your ground handler may be able t...
Liquefied Petroleum Gas (LPG) consumption in Kenya has swelled over 240 percent a month compared to a similar period a year ago, boosted by low global oil prices and removal of value added tax (VAT) on the commodity.