The US sanctions on Iran oil are expected to take a toll on fuel consumers in Kenya, with prices likely to rise further. US is blaming Iran of using its oil revenue to fund Strait of Hormuz, an Islamic terrorist organisation. Iran is one of the leading oil producers in the world, mostly exporting to large economies including Russia, China, Turkey, India and Japan. This means these countries will have to source for new import markets, pushing up demand hence increasing prices. In previous month's review by ERC super petrol, diesel and kerosene in Nairobi retailed at Sh101.35, Sh96.61 and Sh99.46.

Source: The Star April 25, 2019 09:22 UTC