This archive report was first published on 15 November 2019.
Kenya's fuel prices have taken a hit, with the Energy and Petroleum Regulatory Authority (EPRA) announcing an average increase of Sh2.72 per litre in November.
As of November 15, 2019, the prices of petrol and diesel have risen by Sh2.54 and Sh2.65 per litre respectively, while kerosene users face a Sh2.98 jump in prices.
According to EPRA, the increased cost of fuel imports, which rose by an average 1.9 percent in October, is the main reason behind the price hike.
As a result, a litre of petrol in Nairobi will now retail at Sh110, diesel at Sh104.61, and kerosene at Sh104.06.
EPRA attributed the rise in prices to the increased cost of fuel imports, which rose by an average 1.9 percent across the month of October.
The price increase is expected to push up inflation during the month, potentially reaching a three-month high and putting additional pressure on consumer spending.
