Motorists in Kenya are expected to pay more for fuel starting midnight, with fuel prices rising slightly on high import bill. According to monthly fuel prices released on Tuesday by the Energy and Petroleum Regulatory Authority (EPRA), petrol prices rose slightly by Sh0.70, diesel Sh0.54 and kerosene Sh1.64 respectively compared to last month. According to EPRA, diesel increased by 1.73 per cent from $485.29 per cubic metre to $493.68 per cubic metre while Kerosene rose by 5.75 per cent from $481.11 per cubic metre to $508.77 per cubic metre. The increase in fuel prices was despite the shilling strengthened against the dollar over the same period, appreciating by 0.86 per from Sh102.20 in November 2019 to Sh101.32 per in December. Fuel prices are expected to rise even higher next month as the effects of US-Iran conflict come into play.

Source: The Star January 14, 2020 14:37 UTC