Fuel prices hit record high despite subsidy

fuel prices, fuel subsidy, petroleum development levy
[Image source: Pond 5]


Business Daily | by John Mutua


Pump prices have shot to historic highs, with a litre of super petrol and diesel jumping by Sh5.50, signalling a further increase in the cost of basic goods and services.

The Energy and Petroleum Regulatory Authority (Epra) set the new retail prices at Sh150.12 for a litre of super petrol and Sh131 for diesel in Nairobi effective midnight on the back of the increased cost of shipping refined fuel…

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