World
Kenya regulator raises fuel prices
Publish Date: Jan 15, 2014
Kenya regulator raises fuel prices
  • mail
  • img
newvision

NAIROBI - Kenya's energy regulator said on Tuesday that it was raising the maximum retail fuel prices for petrol, diesel and kerosene for the month until mid-February, the second month in a row it has raised the price.

Fuel prices have a big effect on inflation in east Africa's biggest economy, where the economy depends heavily on diesel for transport, power generation and agriculture, while kerosene is used in many households for cooking and lighting.

The Energy Regulatory Commission raised maximum prices charged in Nairobi for super petrol by 1.31 shillings a litre to 110.59 ($1.28), diesel by 0.21 shillings to 104.73, and kerosene by 2.00 shillings to 85.07.

The prices are effective from Wednesday until Feb. 14.

Kenya's year-on-year inflation rate fell to 7.15 percent in December from 7.36 a month earlier.

The regulator reviews domestic fuel prices every month, with adjustments made depending on fluctuations in international energy prices and the shilling's exchange rate.

Reuters

The statements, comments, or opinions expressed through the use of New Vision Online are those of their respective authors, who are solely responsible for them, and do not necessarily represent the views held by the staff and management of New Vision Online.

New Vision Online reserves the right to moderate, publish or delete a post without warning or consultation with the author.Find out why we moderate comments. For any questions please contact digital@newvision.co.ug

  • mail
  • img
blog comments powered by Disqus
Also In This Section
S.Africa
South Africa''s public ombudsman on Monday bemoaned attacks against her report into President Jacob Zuma''s home upgrade....
Loyalist forces began a major offensive Monday aimed at retaking Yemen's largest airbase which is held by rebels....
Rio police kill with impunity - Amnesty International
Rio de Janeiro's police have killed more than 1,500 people in the last five years, Amnesty International said Monday....
Fears over Nepal
Nepal's proposed new constitution has sparked fury from women who say their citizenship, property and other rights are being curtailed....
Another US trophy hunter is suspected of killing a lion in Zimbabwe without a permit, authorities in Harare said Sunday....
Ending Calais migrants crisis is
France and Britain vowed Sunday that ending a crisis which has seen thousands of attempts by migrants to reach England from Calais in recent weeks is a "top priority"....
Should faith based organisations be registered as Non-government organisations?
Yes
No
Can't Say
follow us
subscribe to our news letter