Home Business Petrol prices to hit historic high Wednesday

Petrol prices to hit historic high Wednesday

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


Business Daily | by John Mutua


Petrol prices will from midnight Wednesday increase to highest level in Kenya’s history on rising crude oil costs in what may further stoke public outrage over the high cost of living.

A brief from the energy regulator seen by the Business Daily indicates that petrol will increase by Sh4.30 to Sh127.11 per litre in Nairobi while diesel is expected to rise from Sh107.66 to Sh109.96—the highest level since December 2018.

Barring last-minute changes in the monthly review, petrol prices will have increased by Sh20.12 a litre over the…

Read more…


Share

NO COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Exit mobile version