Kenya on Thursday hiked its retail fuel prices by as much as 23.5% after it raised them by 24.2% last month amid squeezed global crude supplies and high energy prices caused by the Middle East conflict.
In its statement, the Energy and Petroleum Regulatory Authority (EPRA), which is responsible for setting out monthly fuel prices, said that a litre of petrol was going to cost 214.25 Kenyan Shillings ($1.66), up from 206.97 Shillings ($1.61).
A litre of diesel will cost 242.92 Kenyan Shillings ($1.88), from 196.63 Shillings ($1.53), while kerosene remains unchanged at 152.78 Shillings ($1.19) for the period between May 15 and June 14 when new prices will be announced.
Kenya imports nearly all of its fuel products from the Middle East via government-to-government deals with Gulf suppliers.
–Reuters–
