But going by recent rise in oil prices announced by Energy Regulatory Commission (ERC) and global oil prices hitting above $50 (Sh5,059) per barrel, the highest this year, the going may get tough for consumers. Motorists, many of them already complaining of not having felt full impact of low oil prices, were not spared either. While consumers may have rejoiced that they have a few days to enjoy excise duty free kerosene, the regulator on Friday evening delivered the bombshell. In March, of the 1,493 petrol stations inspected, 96 per cent were complying. And as global oil prices stabilise, motorists and households will have to dig deeper into their pockets to afford petrol and kerosene.
Source: Standard Digital June 20, 2016 20:03 UTC