(3 minutes read)
The cost of fuel in Kenya hit a record high after the energy regulator revised pump prices. This added to the economic hardships facing millions of people. The retail price of a litre of petrol now costs more than 200 Kenyan shillings (US$1.36), adding to the cost of living of a Kenyan amidst high prices of staple food and other essentials.
The cost of fuel in Kenya hit a record high after the energy regulator revised pump prices. This added to the economic hardships facing millions of people. The retail price of a litre of petrol now costs more than 200 Kenyan shillings (US$1.36), adding to the cost of living of a Kenyan amidst high prices of staple food and other essentials.
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It may be recalled that higher living costs have triggered widespread protests in the East African country. They were aimed at President William Ruto and his economic policies, which his detractors claim swing to the extreme right. The price regime took effect on Friday and will remain in force until October 14. A litre of petrol in the capital Nairobi has risen by almost 17 shillings to 211.64 shillings (US$1.44), while diesel will cost 200.99 shillings.
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https://trendsnafrica.com/kenya-draws-over-70-of-its-energy-requirements-from-renewable-sources/
In response, fares for matatus – mini buses used for transport by a large majority of Kenyans — will be going up. The Matatu Owners Association announced a 20 per cent increase nationwide. The oil price hike was mostly on account of the cut in oil output announced earlier this month by major producers Saudi Arabia and Russia. This has sent global crude prices soaring to 10-month highs.
