By EDWIN OKOTH More by this AuthorMotorists will from tomorrow start paying more for fuel after prices rose by the widest margin in over a decade. Kerosene will retail Sh2.98 higher from the Sh62.46 per litre in the changes announced by the energy regulator. The double digit increase in diesel prices driven by recovery on the international crude oil market now reverses three months of steep drop in prices that started in March, touching last month’s record low since May 2016. AdvertisementThe changes in motor fuel now ends the cheap fuel party for motorists who have been enjoying record low prices since March when the two products started retailing at below Sh100 per litre. The Sh11.38 increase on every litre of petrol and Sh17.3 for diesel represent the biggest jump in price since January 2007, higher than the Sh13 per litre rise for diesel and Sh 8.78 rise in petrol prices witnessed in April 2011 when the shilling was highly depressed due to heavy importation.

Source: Daily Nation July 14, 2020 16:52 UTC