Kenyans to pay more as fuel price increases
Kenyans are from today to dig deeper in their pockets following the increase of fuel prices from midnight.
The changes are effective today for the next one month as it shoots to a 26 month high.This is likely to mostly affect transportation,power and food prices.
The cost of diesel has risen by Shs 5.03,Petrol 4.26 and Kerosene used by a majority of households rose by 3.75 in Nairobi.
The Energy Regulatory Authority that adjusts fuel prices in the country said the country bought it`s fuel at a time when global crude oil prices had risen by 20%.The authority sets up monthly prices in line with global oil prices,foreign exchange rates and also the changes in tax.
Kenya relies on imported petroleum products after the shutting down of Mombasa refinery in September 2013.Fuel prices will be cheapest in Mombasa at Shs 96.85 a litre of petrol and Shs 85.87 a litre for diesel.