Fuel prices may rise as oil import bill doubles in nine months

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


The Standard | by Dominic Omondi


Kenya’s import bill for petroleum products shot up in the first nine months of the year following a rise in crude oil prices in the source markets.

The latest data from the Kenya National Bureau of Statistics (KNBS) shows imports from Kenya’s main source of Murban Crude oil, the United Arab Emirates (UAE), increased by 98 per cent to Sh122.4 billion in September, from Sh61.7 billion in the same period last year…

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