[UAH] Kenya raises price of petrol, diesel at the pump

Kenya raises price of petrol, diesel at the pump

Sunday, 14 July 2013 16:41

Posted by Imaduddin

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NAIROBI: Kenya's energy regulator raised retail fuel prices for petrol and diesel on Sunday due to rising global oil prices and a weaker local currency, while decreasing the price of kerosene.

Fuel prices have a big impact on the rate of inflation in the east African economy. The rate rose to 4.91 percent in June from 4.05 percent a month earlier.

The economy heavily depends on diesel for transport, power generation and agriculture. Kerosene is used in many households for lighting and cooking.

The Energy Regulatory Commission (ERC) reviews domestic energy prices every month, with adjustments made depending on fluctuations in international energy prices and foreign exchange fluctuations.

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Gwokto La'Kitgum