Business Daily | by John Mutua
Petrol prices have hit a nine-year high on rising crude costs in the global market, piling inflationary pressure on the country’s economy.
Motorists in Nairobi will pay Sh122.81 per litre of super petrol from Sh115.18, representing a Sh7.63 increase, and Sh5.75 more for a litre of diesel at Sh107.66.
The Energy and Petroleum Regulatory Authority (EPRA) linked the expensive fuel to the recovery in crude oil prices, which increased the cost of imported refined fuel, from $55.27 a barrel to $61.61 and low $17.64 in April last year…
