FUEL PRICES HIKE TO THE HIGHEST LEVEL IN KENYA’S HISTORY
Fuel prices have yet again increased and Kenyans will have to pay more to get the commodity.
Fuel prices have hiked to the highest level in Kenya’s history. This is after the state discontinued a subsidy scheme which had been put in place in April to ease public outrage over the outrage over high living costs.
The fuel prices have shown a steady climb in the just released review by the Energy and Petroleum Regulatory Authority-EPRA.
Petrol will now be sold at Ksh 134.72, diesel at 115.60, and Kerosene at 110.82 per litre in Nairobi at its environs. The regulatory body issued a statement on Tuesday, September 14, saying that the new prices will take effect of September 15, for the next 30 days.
Kenyans will now have to dig deeper into their pockets to meet the rise in the fuel prices. Expensive fuel will most likely put pressure on the economy since many businesses depending on the commodity will also increase pricing.